The "Bessent put" and Fed independence are two distinct market beliefs that can push the same Treasury yield in opposite directions — one through supply and liquidity mechanics, the other through credibility and inflation expectations — and Friday's Warsh Jackson Hole speech is the next test of which force dominates.
The post Bessent Put vs. Fed Independence: Two Forces Fighting Over Treasury Yields appeared first on ActionForex.
The “Bessent put” and Fed independence are two distinct market beliefs that can push the same Treasury yield in opposite directions — one through supply and liquidity mechanics, the other through credibility and inflation expectations — and Friday’s Warsh Jackson Hole speech is the next test of which force dominates.
The post Bessent Put vs. Fed Independence: Two Forces Fighting Over Treasury Yields appeared first on ActionForex.
