Trump urges bond sales after Bessent increases UST buybacks, Luke Gromen notes - Traders Union
Source: Traders Union
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DW NOTE
Trump is telling Treasury to sell bonds while Bessent is buying them back. One of them doesn't understand what the other is doing, or neither of them understands what $36 trillion in debt and a closed Hormuz actually requires.
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor
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