US Treasury Secretary Scott Bessent launches 'economic onslaught' on Iran

The Trump administration last night announced an 'economic onslaught' against Iran with a new wave of sanctions targeting countries and firms that do business with it.

Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor. Billionaire investor Stanley Druckenmill

"And any nation that serves as a financial artery of a withering regime should expect to share in its isolation."

Bessent’s moves on the yen and long-dated bonds do little to assuage markets long-term

Bessent’s move “does not change anything. It just reduces the cash that Treasury has on deposit,” one analyst says.

Speculators still see yields hitting new highs in 2026 and ending the year at levels elevated from where they're currently trading.

The Trump administration calls this "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."

Plus: the U.S. hits Canada with 50 percent tariffs, a federal judge voids Trump’s visa ban, and Dan Sullivan endorses Dan Sullivan in race against Dan Sullivan.

Investors and analysts poured scorn on US Treasury Secretary Scott Bessent’s doubling of long-term bond purchases, which provided temporary relief but faces structural economic headwinds that are driving yields higher.

The Wild Week When Scott Bessent Was Schooled by the Bond Market  WSJ

New analysis shows cost of reinstating system almost half that touted by the coalition.

Long-term US Treasury yields climbed back above where they stood before Wednesday's buyback announcement, wiping out the relief that move had briefly delivered, and prompting US Treasury Secretary Scott Bessent to signal that Washington is ready to intervene even more aggressively.

Global stocks set for biggest weekly fall since mid-July as bond yields, oil stay high  Reuters

U.S. bond yields are rarely a burning issue with the general public. But that’s changed this week as a spike in yields has hit the front pages and TV newscasts. Yields on 30-year U.S. Treasury bonds hit their highest point in almost two decades on Tuesday. The rise prompted Treasury Secretary Scott Bessent to step in w