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
The average person has to stumble through the “where do you see yourself in 5-10 years?” question with platitudes during a job interview yet is expected to provide the University of Michigan with a point estimate on inflation for that same stretch.
If the AMA would like to define its own policy on trans healthcare, the NYT humbly suggests that it simply adopt the position the NYT has assigned to it, like normal and respectable organizations tend to do.
foreign central banks are selling Treasuries as high oil prices force them to prop up their currencies www.ft.com/content/1c41...
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...
Julia Carrie Wong
Luke Kawa
Kate Duguid
Michael Derby
Kate Duguid
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.
From the Financial Times
"The $30tn US Treasury market is showing growing signs of strain, as turmoil in the Middle East drives swings in bonds that underpin the financial system. The ease of trading in the world’s biggest and most important financial market has deteriorated in recent weeks"
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