Bessent's expanded long-term Treasury purchases fuel dollar weakness concerns

1. 1Treasury Secretary Scott Bessent moved to expand purchases of long-term Treasuries to prevent a surge in US borrowing costs.
2. 2The Treasury announced it will at least double its purchases of 10- to 30-year notes on Wednesday, and the dollar index fell to a three-month low.
3. 3Some in the market view the dollar as the biggest casualty, arguing that the attempt to stabilize yields undermines confidence in the dollar.

Source Bloomberg · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →