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Tag: Scott Bessent

Cover: Two Hands on One Curve -- the Fed and the Treasury pulling the long end of the yield curve in opposite directions, with the 10-year yield of 5.22 percent in the background
Cat Links Business Advice, Reality Equation

Two Hands on One Curve

Posted on September 25, 2026 jsrector

Kevin Warsh and Scott Bessent are not running a coordinated tag team. The Fed wants the long yield left as an honest reading, the Treasury wants it lower, and eight days after the hike the 10-year hit its highest level since 2007. … readTwo Hands on One Curve

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