Bessent's Efforts to Calm Bond Market Set Gold Prices Ablaze
Efforts by Scott Bessent to calm the bond market have led to a significant surge in gold prices as investors reallocate assets.
- Bessent's policy actions aimed at calming the bond market directly correlated with rising gold prices.
Sources
- Yahoo Finance — How Bessent’s Efforts to Calm Bond Market Set Gold Prices Ablaze
- CNBC — Bessent's bond gambit aimed at calming markets is instead stirring inflation worries
- Semafor — US bond markets on edge despite bond buyback expansion
- CNBC — Longer-dated Treasury yields rise as Bessent's bond buyback rally fizzles out
- CNBC — U.S. bond intervention is like 'paying your mortgage with your credit card,' JPMorgan's Sullivan says
- Yahoo Finance — Stocks, bonds and gold rally after Treasury indicates it will buy more government bonds to stop yields from surging
- Yahoo Finance — Yield Decline Intensifies as Treasury Increases Buybacks