Scott Bessent backs down on Fed chair, easing pressure on US bond market

The bond market shook off its panic and pushed upward on Wednesday after Scott Bessent, the U.S. Treasury Secretary, told everyone that Jerome Powell is not going anywhere just yet. That single message turned attention away from a possible Fed crisis and back to what actually moves the market: interest rates. The 10-year Treasury yield […]

Source: cryptopolitan.com (Read Full Article)