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Dollar Weakens After Scott Bessent's Bond Play, Gold and Bitcoin Rise, Strengthening the "Debasement Trade"
Scott Bessent’s bond operations failed to keep long-term US yields down for long. The more persistent market signal is a weaker dollar, and rising gold and Bitcoin, reinforcing the “debasement trade” driven by ballooning US deficits and concerns about the direction of US economic policy.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: BCH (Bitcoin Cash) saw a trading volume of $1.94 million in the past hour (14.4 times the average for the same period in the last 7 days), currently trading at $283.300.
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Next: Experts say U.S. Treasury Secretary Scott Bessent (Bessent)'s intervention in the Treasury market to lower government borrowing costs undermined the credibility of Federal Reserve Chair Kevin Warsh (Warsh) in setting interest rate policy.
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