A 60bps rise in 10 year yields despite a stock market sell off forced their hands. Bessent is a hack but he’s not a stupid one (ironically he’s a Soros protege - and was around for Black Wednesday in 1992). This is almost certainly him asserting his authority over Navarro and Lutnick.
If Navarro gets fired soon the market probably rallies on that news alone lol
A 60bps rise in 10 year yields despite a stock market sell off forced their hands. Bessent is a hack but he’s not a stupid one (ironically he’s a Soros protege - and was around for Black Wednesday in 1992). This is almost certainly him asserting his authority over Navarro and Lutnick.
If Navarro gets fired soon the market probably rallies on that news alone lol
A 60bps rise in 10 year yields despite a stock market sell off forced their hands. Bessent is a hack but he’s not a stupid one (ironically he’s a Soros protege - and was around for Black Wednesday in 1992). This is almost certainly him asserting his authority over Navarro and Lutnick.
If Navarro gets fired soon the market probably rallies on that news alone lol