How Bessent’s Efforts to Calm Bond Market Set Gold Prices Ablaze - Barron's

How Bessent’s Efforts to Calm Bond Market Set Gold Prices Ablaze - Barron's

Source: Barron's

DW NOTE

Bessent can smooth the yield curve all he likes — when bond buyers calm down and gold rallies 6.77% in a week, that's not confidence in Treasuries, that's flight from fiat. The Strait is closed, oil supply is down 4%, and the deficit is 6% of GDP. Gold didn't spike because yields fell; it spiked because the alternatives looked worse.

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