U.S. Treasury Secretary Affirms No Default Risk as Congress Debates Debt Ceiling
Key Points
- Treasury Secretary Scott Bessent assures that the U.S. won't...
Uncle Sam's credit score just took a hit, but Treasury Secretary Scott Bessent wants everyone to know we're still good for the money! On this fine June 1st, 2025, Bessent declared with the confidence of a poker player holding a royal flush that America won't default on its debts. Ever. Period. Full stop.
Bond Market Blues
Remember when Treasury yields were as stable as a seasoned bartender's pour? Those days are gone, folks. After peaking at 5% last October like it was trying to win a high-jump competition, the 10-year Treasury has settled at a more modest 4.55%. Meanwhile, Moody's just st...
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