Friday, August 21

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Tech The DOJ is testing a 1914 antitrust law against the way venture capital actually works Companies Airbus retreats on its four-day office mandate after Spanish strikes Markets The Treasury's buyback was meant to calm the bond market. Yields are higher than before it Economy Apple paid 40% of its global tax to Ireland, and almost all of it was a one-off Tech China is banning hidden door handles, and Tesla is recalling 3 million cars to comply Markets Brent at $94 is a diesel problem before it is an oil problem Markets Refining is the trade of the year, and its best argument is also its biggest risk Economy Tyson is closing beef plants because there are not enough cattle, and that is why beef stays expensive Tech The DOJ is testing a 1914 antitrust law against the way venture capital actually works Companies Airbus retreats on its four-day office mandate after Spanish strikes Markets The Treasury's buyback was meant to calm the bond market. Yields are higher than before it Economy Apple paid 40% of its global tax to Ireland, and almost all of it was a one-off Tech China is banning hidden door handles, and Tesla is recalling 3 million cars to comply Markets Brent at $94 is a diesel problem before it is an oil problem Markets Refining is the trade of the year, and its best argument is also its biggest risk Economy Tyson is closing beef plants because there are not enough cattle, and that is why beef stays expensive

Topic: bessent

The United States Treasury building in Washington, DC

Friday, 8/21, 03:47 PM

The Treasury's buyback was meant to calm the bond market. Yields are higher than before it

Two days after Scott Bessent announced he would double the Treasury's buybacks of long-dated debt, the 30-year yield is at 5.28% and the 10-year at 4.74%, both testing 20-month highs.
The dollar has fallen, gold has risen, and a growing number of analysts are describing the intervention as the problem rather than the fix.

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