Treasury’s Bessent wants the FT to retract a story that said the financial chief wants more control over the Fed and the paper said nope. Via Guardian
POD!
me and @iankmsmith.ft.com on the bad times in UK and European bonds, including:
-why it's easy but also a bit silly to blame hedge funds
-why you need to care even if you think bonds are boring
-Harry Potter
-boy kibble
open.spotify.com/episode/1BT7...
The FT is hiring a correspondent for our Investigations team. Contact me if you want to discuss the role. Deadline is April 12 job-boards.eu.greenhouse.io/financialtim...
foreign central banks are selling Treasuries as high oil prices force them to prop up their currencies www.ft.com/content/1c41...
Important story on stress in the US Treasury market in response to the Iran war.
Financial regulators recently weakened an important bank capital regulation, arguing it would help banks to serve as shock absorbers and reduce Treasury market instability.
These disruptions suggest it hasn't worked.
it‘s rare that an article completely changes my perspective on something, but this did. still the best thing I’ve read all year www.bloomberg.com/news/feature...
This is not a straightforward "sell America" story, but it does complicate an already extremely bad month for bonds www.ft.com/content/1c41...
Kate Duguid
Kate Duguid
Kate Duguid
Without the Consumer Financial Protection Bureau, scammers are using the affordability crisis to prey on Americans. One case study is a credit card known as Bilt.
