Treasury Secretary Scott Bessent denies bond market panic pushed Trump into backing down on tariffs

Quick Summary:

Hedge funds typically profit handsomely from the $1 trillion basis trade,’ but the Federal Reserve could be forced to step in as yields surge.

There’s a chance China and other foreign holders of U.S.debt are flooding the market with Treasuries to retaliate against Trump’s tariffs.

Earlier, Bessent claimed the bond market will calm down as highly leveraged bond trades unwind, and he said this type of deleveraging was normal and expected.

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Article Details

Author / Journalist: Greg McKenna

Category: EconomyBusiness

Markets: United StatesChina

Topics: Donald Trump Markets Bonds Federal Reserve Inflation Tariffs and trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 18:31:44 (6 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 761 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 191 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27761404

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