Smooth move Bessent. Not like the Trump regime is filled with stable geniuses.
The bond market issued a swift rebuke on Wed. to the Trump admin’s latest attempt to lower borrowing costs, as the 10-year Treasury yield rose to its highest level in roughly 3 yrs.
#Bessent
#BondMarket
#Blues
#ShedShed
www.nytimes.com
Bond Market Rebuffs Treasury’s $6 Billion Plan to Reduce Borrowing Costs (Gift Article)
The 10-year yield rose to its highest level in three years, suggesting investors were underwhelmed by the details of a move to buy back government bonds.
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