
Bessent suggests Treasury could intervene again in bond market: ‘We have a big tool kit'
U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department's buybacks of longer-dated Treasury bonds.
Follow the latest financial and economic news, market updates, reports, and analysis on PipVero.

U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department's buybacks of longer-dated Treasury bonds.

Investors absorb Treasury Department buyback news. Walmart shares fall as same-store sales slow down.

U.S. Agriculture Secretary Brooke Rollins joins 'Mornings with Maria' to discuss how a historic cattle shortage is driving beef prices higher. Rollins also reacts to the latest jobless claims and details the rising energy demands of AI data centers.

Treasury Secretary Scott Bessent's plan to calm markets is being short-circuited.

“Anything that happens within a 24-hour period is noise,” US Treasury Secretary Scott Bessent tells reporters, responding to a question about the bond market erasing gains since the Trump administration's decision to increase buybacks of longer-dated bonds. -------- More on Bloomberg Television and Markets Like this video?

AI, not Trump, is the big mover of the economy, this analyst says — and it's just going to get bigger.

The Treasury's doubling of long-dated buybacks is not QE or YCC, but marks a significant shift in debt management strategy. Current bull flattening benefits gold and Bitcoin, offering attractive entry points for diversification amid compressed long-end yields.

Jason Furman, former Chairman of the Council of Economic Advisers under President Obama, says higher interest rates are "likely here to stay" as government and businesses compete for capital, with US national debt surpassing $40 trillion. Furman says Congress ultimately must address the fiscal imbalance through spending cuts, tax increases, or both.

The U.S. Department of Energy is awarding $500 million in grants to seven companies building domestic lithium, cobalt and other mineral and battery projects, the latest in a string of investments aimed at bolstering American mining and processing, according to a document seen by Reuters.

After months of slumber, digital currencies are waking up, with bitcoin and ethereum shooting higher on Thursday, as traders credited President Donald Trump's crypto-bill initiative and the disturbance in bond markets for helping to revive momentum in the hard-hit space.

The rise in bond yields renders markets more vulnerable to bad news, observes the “permabear” Albert Edwards of Société Générale.

Confluence Investment Management offers various asset allocation products which are managed based on “top down,” or macro, analysis. We publish asset allocation thoughts on a bi-weekly basis, updating the report every other Monday, along with an accompanying podcast.

Mastercard CEO: crypto replacing the dollar is "pie in the sky." Mastercard CEO Michael Miebach says the idea of crypto supplanting the dollar is "pie in the sky," and that the crypto companies are the ones coming to Mastercard, asking for co-branded cards.

Scott Bessent says Trump Accounts will ban ESG funds, citing new investment rules focused on low fees, diversification and long-term performance.

A threat by U.S. President Donald Trump to impose unprecedented economic warfare and isolation on Iran could have implications for countries that trade with it. Trump warned of economic consequences for any country that supports Iran.