Rearranging the Debt Chairs

Published on September 3, 2026

US Treasury Secretary Scott Bessent made waves with his recent announcement that the Treasury would at least double the size of its buybacks of long-term debt in the coming months. He argues that long-term yields do not reflect fundamentals, suggesting that the Treasury's intervention is aimed to restore proper market functioning.

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Strong Earnings Offset Concerns Over an ‘Economic D-Day’ for Iran

September 3, 2026
Markets opened on a sour note on Monday after Treasury Secretary Scott Bessent unveiled “Operation Economic Outcast.” This initiative was to include sweeping sanctions against Iran and the networks that enable the regime to evade existing restrictions. Bessent did not explicitly mention Iran’s enablers, but many assumed China was the primary culprit.

Want the Fastest Read on the Economy? Watch These Interim Reports

September 3, 2026
Interim data takes center stage, with Costco, Ford, Robinhood and Charles Schwab offering fresh reads on consumers, autos and retail trading