EconomyMorning Bid: So much for the Bessent bid
Wayne Cole looks ahead to the day in European and global markets.
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ReutersOriginal★★☆☆☆2026-08-21 05:40
Morning Bid: So much for the Bessent bid
Scott Bessent
United States Secretary of the Treasury
Profile details
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
|---|---|
| Party | Republican |
| Offices |
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| Education | Yale University (BA) |
Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons
Statements
What this person said on the record, as reported, newest first.
All 110Party strategy and campaigning 1Safety, Alignment and Regulation 1International competition 4Rate decisions 1Inflation 2Treasuries and markets 5Other 1Bank of Japan 5Market reaction 6Prices and Markets 1Regulation and legislation 1Stablecoins 1Security and crime 1
- Bessent says US and China should stay clear-eyed on AI ties
U.S. Treasury Secretary Scott Bessent said the United States and China should recognize their differences over artificial intelligence while exploring cooperation to reduce its risks and competing for AI supremacy.
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Reuters - Bessent says U.S. and China should ‘harbor no illusions’ as they cooperate and compete on AI
Bessent said the United States and China should have no illusions as they both cooperate and compete on AI. During Xi’s September visit, Washington and Beijing agreed to start an AI dialogue and establish a communications channel to help defuse serious incidents.
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CNBC - Bessent says US and China should stay clear-eyed on AI cooperation and competition
The United States and China should recognize their differences on artificial intelligence while exploring cooperation to reduce the technology’s risks and competing for AI supremacy, Treasury Secretary Scott Bessent said Tuesday.
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Reuters - Treasury Secretary Scott Bessent holds fraud task force press conference in St. Cloud
Treasury Secretary Scott Bessent holds a press conference for a fraud task force in St. Cloud, Minnesota.
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The White House
- Bessent sees crypto as a new tool to keep the U.S. dollar on top
Speaking at Ripple’s conference, U.S. Treasury Secretary Scott Bessent said crypto could help preserve the dollar’s leading position. He said SEC and CFTC action may fill the gap left by the Clarity Act’s failure while curbing crypto debanking.
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CoinDesk - Bessent warns Zelenskyy to ‘be very careful’ over claims the U.S. is throttling Starlink
Bessent cautioned Zelenskyy over allegations that the U.S. is slowing Starlink. The high-speed satellite internet service, provided by Elon Musk’s SpaceX, is critical to Ukraine’s defense.
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CNBC - Scott Bessent says ‘no one has been tougher on Russian sanctions’ than Trump: Full interview
Treasury Secretary Scott Bessent defended the Trump administration’s policies on Meet the Press after the president waived a sweeping Russia sanctions law and struck a diesel deal with Russian President Vladimir Putin.
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NBC News - Bessent calls Zelenskyy ‘reckless’ over claim that U.S. government slowed Starlink
In an exclusive Meet the Press interview, Treasury Secretary Scott Bessent does not definitively say whether Ukraine is a U.S. ally. His remarks follow Ukrainian President Zelenskyy’s claim that the U.S. government slowed Starlink, a critical satellite network Ukraine uses for defense.
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NBC News - Bessent says prices will fall after Iran war: ‘We will get to the other side’
In an exclusive interview with Meet the Press, Treasury Secretary Scott Bessent said an “energy supply shock” caused by the war in Iran is straining the U.S. economy and predicted that prices will come down afterward.
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NBC News - Bessent calls for World Bank reforms, including upstream oil and gas financing
US Treasury Secretary Scott Bessent laid out a lengthy set of demands for the World Bank aligned with the Trump administration’s interests. They include lifting its ban on financing upstream oil and gas projects, directing resources toward deep-sea critical-mineral mining and changing procurement policies.
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Reuters
Related reports
Reports that mention this person, by story.
EconomyBessent Flags Bigger Debt Buyback; Japan’s Inflation Picks Up | The Asia Trade
Bloomberg TV’s Asia Trade, broadcast live from Sydney, examines key stories shaping global markets before the Asian trading day begins. Topics include US stocks and bonds falling as the so-called “Bessent put” relief fades, along with Japan’s accelerating inflation.
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Bloomberg TelevisionOriginal★★☆☆☆2026-08-21 04:32
Bessent Flags Bigger Debt Buyback; Japan’s Inflation Picks Up | The Asia Trade
Economy30-Year Reverses Gains as Bessent Makes Moves
Market participants warn that unpredictability in the Treasury’s strategy could lead to higher borrowing costs, while Treasury Secretary Scott Bessent cautions against market panic. Bloomberg analysts and reporters examine recent yield-market moves and the potential impact of the Treasury’s buyback plan.
BBloomberg TelevisionOriginal★★☆☆☆2026-08-20 22:09
30-Year Reverses Gains as Bessent Makes Moves
EconomyCan Bessent’s Bond Buyback Work?
Wolfe Research Chief Economist Stephanie Roth joins Bloomberg’s Real Yield. US Treasuries fell after the Trump administration unexpectedly increased buybacks of longer-dated bonds, a move that did little to ease anxiety over surging government debt and yields reaching a 19-year high.
BBloomberg TelevisionOriginal★★★☆☆2026-08-20 21:18
Can Bessent’s Bond Buyback Work?
EconomyBessent urges US partners to back plans to ‘squash’ Iran economy
US Treasury Secretary Scott Bessent urged allies to choose whether they support Washington’s effort to “squash” Iran’s economy, warning that countries doing business with Tehran could face US sanctions. He described the planned measures as the world’s largest coordinated economic isolation campaign, with more details due on 24 August.
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BBC NewsOriginal★★★★☆2026-08-20 18:40
Bessent urges US partners to back plans to ‘squash’ Iran economy
EconomyBessent Says Recent Bond Moves Have Just Been 'Noise'
US Treasury Secretary Scott Bessent says anything happening within a 24-hour period is merely “noise,” responding to a question about the bond market giving back gains after the Trump administration increased buybacks of longer-dated bonds.
BBloomberg TelevisionOriginal★★☆☆☆2026-08-20 15:55
Bessent Says Recent Bond Moves Have Just Been 'Noise'
PoliticsUS Treasury Secretary Bessent to hold press conference on Iran on Monday
U.S. Treasury Secretary Scott Bessent said Thursday that he will hold a press conference on Monday to explain exactly what the United States plans to do regarding Iran.
RReutersOriginal★★★☆☆2026-08-20 15:50
US Treasury Secretary Bessent to hold press conference on Iran on Monday
EconomyBessent Says Buybacks Could Exceed $4 Billion Per Issue
US Treasury Secretary Scott Bessent said the increased Treasury buybacks announced this week could exceed $4 billion for each issue.
BBloomberg NewsOriginal★★★☆☆2026-08-20 15:19
Bessent Says Buybacks Could Exceed $4 Billion Per Issue
EconomyBessent’s Treasury Market Intervention, Samsung and SK Hynix Buybacks | The Opening Trade
The rebound in long-dated Treasuries lost momentum, while U.S. stock futures lacked direction as investors awaited fresh catalysts. Samsung Electronics and SK Hynix are preparing record shareholder returns after their shares fell amid concerns about the sustainability of AI hardware spending.
BBloomberg TelevisionOriginal★★☆☆☆2026-08-20 14:46
Bessent’s Treasury Market Intervention, Samsung and SK Hynix Buybacks | The Opening Trade
EconomyUS 30-Year Bonds Erase Gains From Bessent’s Buyback Plan
US bonds gave back all the gains that followed Treasury Secretary Scott Bessent’s proposal to increase buybacks of longer-dated debt. On Thursday, the 30-year yield returned to levels seen just before the Treasury announced the plan a day earlier.
BBloomberg TelevisionOriginal★★☆☆☆2026-08-20 14:38
US 30-Year Bonds Erase Gains From Bessent’s Buyback Plan
