“people might've called me a gold bug"
“people might've called me a gold bug"
10Y yield had come down from nearly 5% to below 4%. Bessent connected this decrease to significant savings for the Treasury, stating, "every basis points, about a billion dollars in savings. So we've saved a hundred billion dollars. And that's probably not going to happen that quickly again"
10Y yield had come down from nearly 5% to below 4%. Bessent connected this decrease to significant savings for the Treasury, stating, "every basis points, about a billion dollars in savings. So we've saved a hundred billion dollars. And that's probably not going to happen that quickly again"
At least Bessent was successful to keep Trump from attacking the Fed for the first 50 days.
At least Bessent was successful to keep Trump from attacking the Fed for the first 50 days.