Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick last week about why the administration had not put restrictions on advanced chip sales to Megaspeed.
US Treasury Secretary Scott Bessent, speaking in New York at the National Committee on United States-China Relations, said that the aim of the US is to de-risk, not de-couple from China. Bessent added that the US is working to establish a "direct channel" that will allow both nations to alert the other to incidents involving their “super intelligence” — or AI — models. (Source: Bloomberg)
JPMorgan Asset Management’s Bob Michele has some advice for Treasury Secretary Scott Bessent: get rid of the 20-year bond.
After Treasury Secretary Scott Bessent surprised dealers with his willingness to intervene in the bond market to drive down yields in recent months, Wall Street is now girding for the biggest revamp in guidance for US Treasuries issuance since early 2024.
