Treasury Secretary Scott Bessent's bond-market move fails to calm yields

🐝BeeBee🐝37

Carney is taking this and running with it. I would be proud to be a Canadian right now. But we are ashamed and horrified. Let’s come together folks. This is not who we are.

Zongo-the-Zischer20

Carney is a blessing for Canada. The right man at the right time. I really admire him for having the balls and the vision to stand up to Trump. The world would be a much better place if more G7 countries (+EU) had the courage to do the same.

Unapologetic Lee 🇨🇦20

Estimates are up to 200 000 job losses from Canada's retaliatory tariffs. Perfect timing for the midterms.

Titania in love15

Learn to code just in time to be replaced by AI

🇨🇦 Part owner of Canada15

While Trump is bankrupting his own country, Canada is moving on from his bullshit. Its not going to be without real economic pain in the short-term for many, but we are more determined than ever to support each other and all things Canadian.

T-Fish🇨🇦🍁15

If they don’t do what we say, we’ll just bomb the shit out of them. Susie Wiles, come get yer boy!😆

shurato2099.bsky.social13

A few fries short of a Happy Meal. Like, thirty five.

Emily12

idk, if Trump wants to bomb Wall Street, I do not object. What happened immediately after the clip? Did anyone press for some kind of clarification on this truly bizarre statement? Or is the press still sacrificing everything to preserve their "access?"

Ms. Trannÿ of Tÿranny 🏳️‍⚧️7

Why anyone thought this man was the one to be in charge is beyond me. He never answers anything remotely competently and never has a plan.

eddiethebulldog.bsky.social7

“Trump Takes Fox Reporter Questions” “Trump Makes Up Crazy Bullshit” “Fox Reporter Eats It Up”

Leigh 🚫👑🇺🇸🌏🇺🇦🐶🐱🇨🇦🇲🇽 🦋6

Who exactly is he planning on attacking now?

Holli Winters5

What if he means that foreign countries selling US bonds means he will go to war against them? :D

comaku.bsky.social5

Use our military on whom? Top Foreign Holders of U.S. Treasury Debt Japan: $1.14 trillion UK: $949 billion China (Mainland): $659 billion Belgium: $472 billion Cayman Islands: $471 billion Luxembourg: $436 billion Canada: $436 billion Some other nation is responsible for DT's jacked up economy?

benedetto747.bsky.social3

I think he believes it's the bomb Market.

woodydelano.bsky.social3

The Peace President always resorts to war for any problem. Just like the Fertility President cuts IVF funding and the Drain The Swamp President robs us blind. War is Peace.

SaxAddict 🎷 🇺🇸1

Annual cost of Iran war 37.5 billion against a defense budget of 840+ billion, works out to 4 to 5% of the total defense budget. I've penciled out $700 of my income tax goes to defense, so around 4% of that is around $40 annually to stand against Iran, the last super-power of jihad.

Bill's son, Bob1

Grandpa had his mind focused on Natalie again...and again...and again.

Bert Wolf1

It's been a while since he dropped a MOAB.

Rolloff1

I would not be surprised if The Trump Family Criminal Syndicate is heavily invested in BRICS.

KimFromNovaScotia1

Does he mean he'll bomb countries who hold US bonds, like Japan ($1.2 trillion)?

grassfedsteelhead.bsky.social21

Sending the Marines into JP Morgan and Bank of America to improve the bond market…

skeet shooting7

this mfer going to try and attack japan?

Ms.Carter5

There are no un-compromised adults running this government.🤬

Mandelbrot_BU1

LOL...yup, I'll direct Petey Kegsbreath to shoot a big hole in that woke lib-dem yield curve

Sean P.1

Dang. He's counting on missiles settling down the bond market?

Whyceeit8

So is he going to take on China and Russia?

digiblader.bsky.social3

And it will backfire hard as oil surges to $100-150/barrel and China also retaliates against the US in response.

T. Boone Doggle3

Would love to be there when Scott tells his boss what that implies for Russia and North Korea

Clint1

On D-day we had allies though. Unilateral action will be ineffective.

LCpl Pinky Herman, USMC1

Uh oh. Double secret probation.

Corey Rayburn Yung12

Do you mean in general or the specifics of the post you quoted? If you mean in general, high bond rates are bad because they: 1) slow corporate borrowing which is essential to US growth; 2) increase the cost of debt servicing by the government (which can lead to austerity measures); 1/

Raven Onthill4

K'thug has you covered. There's a problem but the doom talk is mostly people who desperately want to cut Medicare and social Security.

Bob Morris4

There's an inverse relationship between bond prices and yields. When bond prices drop, yields go up. This is fundamental in fixed income markets. Main Factors Pushing Bond Yields Up 1. Inflation Expectations 2. Geopolitical Risk 3. Fiscal Deficits & Debt Supply (from Lumo)

Tilted Owl3

The replies are awesome. This is why I love this apparently dying app. Everyone says it's dying, so I'll just learn from the 200 accounts remaining after doomsday.

Sandra3

I would suggest you start listening (or reading) @unftr.com over at UNFTR. He speaks about the economy in way all of us can understand. He doesn't gate his content (I am a member) so seeing what he has to say won't cost you anything.