The debt bomb: America’s USD 40 trillion reckoning
The debt has doubled in a decade under two Presidents and two parties, and the bond market has finally started charging for it...
Tag : Scott Bessent
US 10-year Treasury yield breaches 5% amid mounting inflation, borrowing needs
Surging crude prices fuelled fears that inflation could remain elevated, complicating expectations for the Federal Reserve’s policy decision...
Bitcoin touches more than three-month high as soft dollar revives crypto sector
Another tailwind has been President Donald Trump's appeal to the US Congress to the "Clarity Act," that would bring clearer definitions to the sector...
US borrowing costs rise as attempts to ease rates prove short-lived
Treasury yields rebound despite increased bond buybacks as investors focus on inflation, record debt and uncertainty over the Federal Reserve’s rate path...
Trump Accounts: On America’s 250th I-Day, kids get stock portfolios
Any American child under 18 with a valid Social Security number will be eligible for a 'Trump Account,' opened by a parent, guardian or other authorised adult...
Boost for Iranian oil industry as US issues sweeping rollback of sanctions
The 60-day waiver, known as "General License X", has permitted Iran to produce, sell and transport crude oil and energy products till August 21...
US, UK relax Russian sanctions to mitigate energy price shock
US has extended the extension of the 30-day general license, to allow access to Russian oil and petroleum products stranded on tankers...
Japan likely spent USD 35 billion to save yen: BOJ report
According to Atsushi Mimura, Tokyo's top currency diplomat, the BoJ faces zero constraints when intervening in currency markets...
Middle East conflict: Trump administration official teases US’ next move for oil market
According to Scott Bessent, the addition of sanctioned Iranian oil into global supplies would help keep oil prices down for the next 10 to 14 days...