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The U.S. Treasury's intervention in bond markets isn't working immediately.
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Treasury Secretary Scott Bessent has vowed to step up efforts to restore calm to the debt markets. So far, it's not working out that way.
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Stock futures fall after Treasury yield rebound sparks sell-off: Live updates CNBCBessent's 'toolkit,' American brands in China, data center backlash and more in Morning Squawk CNBCStocks and Bonds Steady at the End of a Tumultuous Week The New York TimesStock market today: Dow, S&P 500, Nasdaq futures drift higher despite Treasury yield pressures persisting Yahoo Finance
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Also in this newsletter: El Niño forces Panama Canal to cut traffic and Samsung outlines plans to return $80bn to shareholders
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Scott Bessent takes on bond vigilantes in $32tn Treasury market Financial TimesTreasury Turns to Interventionist Tactics to Lower Interest Rates The New York TimesCNBC Daily Open: The 'Bessent Bid' wares off CNBCAnxious bond market sends troubling message to investors: There's no easy fix for U.S. debt MarketWatch
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The Message Behind Trump's Threats of ‘Economic Warfare' Against Iran The New York TimesTrump warns of ‘economic D-Day' against Iran, but Tehran is well acquainted with sanctions AP NewsBessent says U.S. likely won't restart large-scale Iran combat as it steps up economic pressure CNBCIran war live: US vows toughest Iran
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Vance: Bessent has ‘very discreet plan' to shrink $40 trillion national debt The HillOpinion | The $40 trillion debt is a reminder of Musk's DOGE farce MS NOWBessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked CNBCIs the US government's spending problem killing your American dream? USA Today
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Bessent says US to impose 'toughest' ever sanctions on Iran, urges China to cooperate ReutersThe Message Behind Trump's Threats of ‘Economic Warfare' Against Iran The New York TimesCNBC Daily Open: Watching Iran's economy; a losing game for bonds CNBCLive Updates: Iran dismisses Trump's "economic D-Day" threat, says it "will only bring further defeat" CBS News
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Gold is the reciprocal of the dollar and consensus among strategists is that Bessent's yield curve control will have a detrimental impact on the U.S. currency
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