What is Bessent doing with the $32tn Treasury market — and will it work?
US Treasury secretary has made a high-stakes bet he can beat back soaring borrowing costs
US Treasury secretary has made a high-stakes bet he can beat back soaring borrowing costs
BELLINGS Intelligence Score: 68
Why it matters
The US Treasury secretary's strategic intervention in the $32 trillion Treasury market to counter rising borrowing costs represents a significant regulatory and market-structure event with broad implications for credit markets and government financing costs.
Sources
Financial Times
What is Bessent doing with the $32tn Treasury market — and will it work?
US Treasury secretary has made a high-stakes bet he can beat back soaring borrowing costs