The U.S. Treasury bond market has finally responded to the Mideast war, giving its assessment of the energy shock's severity and the war's effect on U.S. fiscal imbalance and inflation.
Out Treasury Secretary Scott Bessent rejected several "woke" designs for commemorative coins for the nation's 250th anniversary next year, choosing instead a set of coins that will mostly honor white men. And now the administration seems poised to issue a coin bearing the face of a current, living president, something usually seen only in monarchies and dictatorships. The Treasury unveiled a set of commemorative coins that will be available next year, mostly for collectors, even though they will be legal tender.
"If we stay at these levels this would be a higher yield than that seen at the worst close after Liberation Day," Jim Reid, managing director and head of global macro and thematic research at Deutsche Bank, said in a note on Monday.
