Bessent & Warsh Go Down the Jackson Hole
Treasury yields have climbed to levels not seen since before the 2007 Financial Crisis, and the Treasury Department’s latest buyback push barely dented the trend. This week on Basis Points, Kevin Flanagan examines why the bond market remains in “selling on strength” mode ahead of Fed Chair Warsh’s first Jackson Hole appearance.
Basis point: 1/100th of 1 percent.
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