Tough for Scott Bessent to win the war against bond vigilantes, says analyst

Rich Nuzum, Head of OCIO at Franklin Templeton, says U.S. Treasury Secretary Scott Bessent's move to double debt buybacks may be insufficient, as Washington continues to run a large budget deficit. He explains that capital market participants are demanding more in income to bear that debt.

Source: CNBC International TV

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Category General

Source CNBC International TV

Published 1 month ago

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News ID #8,510

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