Liz Capo McCormick

Treasury Secretary Scott Bessent walks out of the West Wing to do a television interview on the North Lawn of the White House on March 14, 2025 in Washington, DC. (Photo by ROBERTO SCHMIDT / AFP) (Photo by ROBERTO SCHMIDT/AFP via Getty Images)

‘Don’t fight Bessent’s Treasury’ is new mantra in US bond market

By Ye Xie, Liz Capo McCormick, and others

The bond market’s Trump trade is looking like a recession trade

By Michael Mackenzie, Liz Capo McCormick, and others

Scott Bessent, founder and chief executive officer of Key Square Group LP, arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

US Treasury pick Bessent ‘is a fiscal hawk’: Wall Street reacts

By Liz Capo McCormick, Ye Xie, and others

NEW YORK, NEW YORK – AUGUST 05: Traders work on the floor of the New York Stock Exchange during afternoon trading on August 05, 2024 in New York City. All three major indexes closed with significant losses, with the Dow Jones falling 1,000 points and the S&P 500 sliding 3.2 percent, its worst day since 2022, amid a global market sell-off centered around fears of a U.S. recession. (Photo by Michael M. Santiago/Getty Images)

The bond yield curve—a key recession indicator—disinverts as jobs data looks soft

By Liz Capo McCormick, Ye Xie, and others

Steven Mnuchin

Steve Mnuchin calls for a culling of the 20-year Treasury bond he reintroduced

By Ye Xie, Liz Capo McCormick, and others

Jerome Powell walks toward flags

The Fed may not be slowing the economy much after all—but rates may not go that low when it’s time to cut

By Liz Capo McCormick, Ye Xie, and others

Bond trader

‘The world’s safest asset’ is anything but as geopolitical risk grips the multitrillion-dollar Treasury market: ‘It’s going to be a rough ride, so buckle up’

By Liz Capo McCormick, Michael Mackenzie, and others

People walk past the New York Stock Exchange (NYSE) at Wall Street and the ‘Fearless Girl’ statue on March 23, 2021 in New York City. – Wall Street stocks were under pressure early ahead of congressional testimony from Federal Reserve Chief Jerome Powell as US Treasury bond yields continued to retreat. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)

The wait for an elusive recession is getting costly for big-name money managers bullish on bonds. They’re doubling down

By Anchalee Worrachate, Liz Capo McCormick, and others

NYSE broker

With the deficit hitting $1.39 trillion, a ‘sobering’ 170% increase, traders are bracing for a $102 billion auction of Treasury bonds

By Liz Capo McCormick and Bloomberg

Jerome Powell

The Fed’s trillion-dollar problem—Jerome Powell’s anguish over how fast to shrink the mother of all balance sheets

By Liz Capo McCormick, Alexandra Harris, and others

Jerome Powell, Gary Gensler

Hedge funds are exploiting a shadowy trade to cash in on the debt crisis and the SEC and Fed are questioning prime brokers, sources say

By Sonali Basak, Liz Capo McCormick, and others

NYSE

Wall Street’s $1 trillion man: The bond guru who made $1 billion every day of March’s historic market rally

By Ye Xie, Liz Capo McCormick, and others

Jerome Powell, chairman of the US Federal Reserve, speaks at the Brookings Institution in Washington, DC, US, on Wednesday, Nov. 30, 2022. Powell signaled policymakers will downshift from their rapid pace of tightening as soon as next month’s meeting while stressing that the central bank’s inflation fight is far from over, with rates set to rise further and stay at restrictive levels for some time. Photographer: Valerie Plesch/Bloomberg via Getty Images

Investors betting on a Fed loosening may be underestimating Powell’s warning rates will stay high for ‘some time’

By Craig Torres, Liz Capo McCormick, and others

The US Treasury Department building East of the White House, in Washington DC, pictured on May 20, 2022. (Photo by Daniel SLIM / AFP) (Photo by DANIEL SLIM/AFP via Getty Images)

Bond-holders look to recession for salvation after vicious half: End of 2022 ‘shouldn’t be as ugly as the front half of the year, but it won’t be pretty’

By Liz Capo McCormick and Bloomberg

NEW YORK, NEW YORK – FEBRUARY 25: People walk by the New York Stock Exchange (NYSE) on February 25, 2021 in New York City. As a rapid rise in Treasury yields has made equity investors nervous, stocks fell on Thursday with the Dow down 500 points in afternoon trading. (Photo by Spencer Platt/Getty Images)

Wall Street still puzzling over why the $21 trillion Treasuries market went haywire last week

By Liz Capo McCormick, Tracy Alloway, and others