To Absorb $1 Trillion of New Treasuries in 3 Months, as the Debt Ballooned to $40 Trillion, Investors Demanded Higher Yields. Bessent Blows Fuse
· wolfstreet.com
To Absorb $1 Trillion of New Treasuries in 3 Months, as the Debt Ballooned to $40 Trillion, Investors Demanded Higher Yields. Bessent Blows Fuse
Bessent’s job is to sell these bonds come hell or high water, and at the lowest possible yield.
The US Treasury debt reached fabulous and much-anticipated $4...