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Why Treasury Secretary Bessent's Moves To Calm The Bond Market Haven't Worked So Far
Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs.
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Townhall
Treasury Secretary Scott Bessent Says the US Must Grow Its Way Out of the National Debt
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BizPac Review
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Dollar sinks as investors flock to gold, crypto after Scott Bessent’s Treasury buyback
The U.S. dollar fell Friday as investors continued shifting toward gold and Bitcoin amid growing concerns that Treasury Secretary Scott Bessent’s efforts to contain long-term borrowing costs…
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The New Republic
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Trump’s Treasury Secretary Thinks It’s Good That the Economy Is Bad
Treasury Secretary Scott Bessent wants you to think that a weak job market is a good thing.CNBC’s Sara Eisen asked Bessent to comment on recent signs that the job market was cracking. Bessent downplayed the “noisy” numbers suggesting the job market was not stable.“The jobs that we’re seeing are going to Americans,” Bessent. “After the deportations that…
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Washington Examiner
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Scott Bessent cannot save the bond market from Congress’s $40 trillion national debt
One month after the bond market went ballistic, with the 10-year Treasury yield breaching 4.7% and the 30-year Treasury yield skyrocketing to 5.17%, the market is now well and truly imploding. The benchmark 10-year hasn’t come down, and the 30-year has catapulted toward 5.3%, hitting its highest level since before the Great Recession. The financial…
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