US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoil - Reuters
US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoil - Reuters
Source: Reuters
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DW NOTE
Bessent inherits a Treasury whose bond auctions are increasingly difficult to clear while the deficit runs at 6% of GDP and the Strait of Hormuz remains shut. G20 finance ministers will want to know how Washington plans to fund itself without either spiking yields further or monetising the shortfall—and why US equities are rallying 19% year-to-date while the world's primary oil chokepoint has been closed for six months.