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23.08.26 - 15:36
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Treasury Buybacks Fail to Calm Bond Market (Bloomberg)
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The Treasury's surprise decision to at least double buybacks of longer-dated US debt briefly pushed yields lower, but much of that move quickly reversed as investors questioned whether the intervention can overcome inflation and fiscal concerns. PIMCO Executive VP, Market Strategist and Generalist Portfolio Manger Tony Crescenzi and Host of Bloomberg Money Tom Keene join Bloomberg This Weekend to discuss how markets are now looking to Fed Chair Kevin Warsh's Jackson Hole speech for clues on rates and how the central bank will respond to Treasury's increasingly active role in the bond market. (Source: Bloomberg)...
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23.08.26 - 13:48
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Anleihen unter Druck: Fiskalpolitik wird zum neuen Renditetreiber (BondGuide)
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US-Anleihen geraten durch Inflation, hohe Emissionen und steigende Fiskalrisiken unter Druck – besonders am langen Ende der Zinskurve. Scott Solomon, Portfoliomanager bei T. Rowe Price, kommentiert die Entwicklung an den globalen Anleihemärkten und die gestiegene US-Staatsverschuldung. Die Renditen von Staatsanleihen sind im dritten Quartal bislang in sämtlichen G10-Märkten gestiegen. Besonders stark fällt der Ausverkauf am […]...
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23.08.26 - 13:12
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Jumpy bond markets make it clear: Trump risks driving US into debt crisis | Heather Stewart (The Guardian)
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Treasury secretary Scott Bessent's attempt to calm bond markets is a sign of weakness not strength“Look, there's nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country's debt mountain surpassed another bleak record.Yet Bessent's decision to intervene in government bond markets in an effort to combat soaring yields, belied his studied calm in TV interviews – and reignited fears the US may be on the road to a debt crisis. Continue reading......
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23.08.26 - 01:51
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IRS Announces 7 Percent Interest Rate For Overpayments And Underpayments (ZeroHedge)
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IRS Announces 7 Percent Interest Rate For Overpayments And Underpayments
Authored by Naveen Athrappully via The Epoch Times,
The Internal Revenue Service has announced interest rates for tax underpayments and overpayments for the fourth quarter of 2026, keeping them at 7 percent for individual taxpayers.
The Internal Revenue Service in Washington on Jan. 6, 2026. Madalina Kilroy/The Epoch Times
When taxpayers do not pay taxes, penalties, and other charges on time, the IRS charges interest on the underpayment. Conversely, when taxpayers pay more tax than they actually owe, the agency pays interest on the overpayment. Those rates are determined quarterly. The 7 percent rate for overpayments and underpayments takes effect Oct. 1, according to the IRS.
For corporations, the overpayment rate is 6 percent, while the rate on the portion of a corporate overpayment exceeding $10,000 is 4.5 percent. The underpayment rate is 7 percent, the same as for individual taxpayers, while large corporate underpaym...
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22.08.26 - 23:06
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Treasury Bars Scammy ESG Funds From Trump Accounts, Citing Left-Wing ′Political Activism′ Concerns (ZeroHedge)
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Treasury Bars Scammy ESG Funds From Trump Accounts, Citing Left-Wing 'Political Activism' Concerns
The Treasury Department is moving forward with rules that would exclude investment funds built around scammy, globalist environmental, social, and governance (ESG) criteria from Trump Accounts.
Fox Business reports that under the newly proposed framework, qualifying indexes would need to track broad segments of US or global equity markets using objective financial criteria, rather than criteria crafted by social justice warriors who seek to make the West energy-poor.
"Corporate America has rejected ESG ideology, and we will not allow it to be a part of Trump Accounts," Treasury Secretary Scott Bessent told the outlet in a statement.
Treasury Department bars ESG funds from Trump Accounts, citing 'political activism' concerns: https://t.co/pRvofRHZB3
( TS: Aug 21 2026, 1:21 PM ET )...
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22.08.26 - 19:21
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Normal Interest Rates: What The Debt Panic Gets Wrong (ZeroHedge)
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Normal Interest Rates: What The Debt Panic Gets Wrong
Authored by Lance Roberts via RealInvestmentAdvice.com,
A 5% long bond isn't the crisis, it's the receipt, and the fifteen years when money was free did far more damage to growth than normal interest rates ever will.
This past week, two charts crossed my desk, arguing the same thing from opposite ends. The Kobeissi Letter flagged that U.S. borrowing rates just hit their highest level since 2007. Then, my friend and colleague, Adam Taggart, framed the economy as a submarine, with bond yields as the surrounding water pressure, asking how close we are to the hull giving way. Both are hunting for the same “implosion point.” Both are anchored to an assumption I think is wrong, namely that a 5% long bond is a “crisis” rather than a price. Normal interest rates are not a crisis, and the level of the long bond is the least useful number in this entire debate.
The Submarine Metaphor Has A Flaw
Let's start with Adam's analogy, which is v...
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22.08.26 - 15:18
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Bond Market Tests Limits of Treasury Intervention (Bloomberg)
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Joining Bloomberg This Weekend is Bloomberg Radio host of "Masters in Business" Barry Ritholtz and he tells hosts David Gura and Christina Ruffini that Treasury Secretary Scott Bessent's bond-market moves may provide short-term relief but cannot override persistent inflation, rising debt and the forces setting long-term yields. (Source: Bloomberg)...
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