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Mike Contopoulos, head of multi-asset macro investing at Janus Henderson, and Kay Herr, US CIO of US GFICC JPMorgan Asset Management, join Scarlet Fu on "Bloomberg Deals." This week Treasury Secretary Bessent announced that “I am the house now.” He was talking about the yen, but he also has said he wants yields to be lower. (Source: Bloomberg)
Treasury Secretary Scott Bessent challenged traders to test his resolve on boosting Japan’s currency, saying when he wades into markets these days he’s effectively doing so with inside information. David Finnerty explains. (Source: Bloomberg)
Adam Posen, president of the Peterson Institute for International Economics, discusses Treasury Secretary Scott Bessent's challenge to traders to test his resolve on boosting the yen. "It's a bad policy," Posen tells Bloomberg Television. "As Secretary [Robert] Rubin used to say, and everyone up until now used to say: 'A strong dollar is in the US interest.'" (Source: Bloomberg)
US Treasury Secretary Scott Bessent challenged traders to test his resolve on boosting the yen, saying he has insight on what the Bank of Japan is going to do. He spoke at a Southern Methodist University event in Texas. (Source: Bloomberg)
Treasury Secretary Scott Bessent challenged traders to counter his efforts to strengthen Japan’s currency, touting that when he makes market calls nowadays he’s effectively doing so with inside information. Bloomberg's Sunny Bangia breaks down the news. (Source: Bloomberg)