US bonds unwound all of the gains that followed Treasury Secretary Scott Bessent's plan to increase buybacks of longer-dated debt. The moves pushed the 30-year yield on Thursday back to levels seen just before the Treasury's announcement a day prior. Ira Jersey of Bloomberg Intelligence has more.
US bonds unwound all of the gains that followed Treasury Secretary Scott Bessent's plan to increase buybacks of longer-dated debt, a sign that investors see it as only a short-lived remedy to curb borrowing costs. Jonathan Levin, Bloomberg Opinion Columnist, reacts to the treasury market moves.
Intercontinental Exchange Inc. Chief Executive Officer Jeff Sprecher says the Clarity Act would help define rules about crypto. He also talks about ICE's $1.6 billion investment in Polymarket, a leading prediction market platform, and the possibility of expanding trading hours. He speaks to Bloomberg's Tyler Kendall in Washington.
Commodity Futures Trading Commission Chairman Michael Selig says the crypto industry will get market structure rules even if Congress does not pass the so-called Clarity Act. Selig says he's optimistic the bill will pass, but regulators are ready to act if it doesn't. He speaks to Bloomberg's Tyler Kendall.
Federal Reserve Bank of San Francisco President Mary Daly suggested the US Treasury market signals that monetary policy is in a good place. She also sees no evidence that making preemptive cuts or hikes is an urgent problem to solve. She speaks on "Bloomberg Surveillance."
San Francisco Fed President Mary Daly reacts to the recent selloff in bonds and suggests the US Treasury market is signaling that monetary policy is in a good place. She speaks on "Bloomberg Surveillance."
Sophie Huynh, portfolio manager at BNP Paribas Asset Management, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the implications and market impact of the US Treasury debt buyback plans.
San Francisco Fed President Mary Daly says policymakers are focused on their job, not what the Treasury Department is doing when it comes to buying back more longer-dated debt. She speaks on "Bloomberg Surveillance."
Applications for US unemployment benefits decreased by 6,000 to 206,000 in the week ended Aug. 15, according to Labor Department data released Thursday. Claims stayed near historically low levels and suggested few layoffs across the labor market. Enda Curran reports on Bloomberg Television.
Walmart saw second-quarter sales at US stores open at least a year, excluding fuel, rise 2.6%, the retailer's slowest rate of growth in more than six years. David Bellinger, senior equity analyst at Mizuho examines the results.
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