Mmastodon BusinessEconomy first seen 6 h ago, last 52 min ago, peak #7

Market moves pile pressure on Treasury Secretary Bessent

Original: "What a day for # Bessent .🚨Everything is moving against him. - Yen down - Oil up - US yields up - Japanese yields up Th

Commentators say everything is moving against US Treasury Secretary Scott Bessent in a single day: the yen is falling, oil prices are rising, and both US and Japanese government bond yields are climbing. The concern is that worsening inflation in the United States and Japan is pushing yields higher, with the US already seen as heading toward a debt crisis. Some also link the market stress to the Iran conflict, adding geopolitical risk to an already difficult picture for policymakers.

Why now: A sharp simultaneous rise in oil prices, bond yields and yen weakness is fueling debate about inflation and US debt risks under Bessent's watch.

Scott BessentUnited StatesJapanIran

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Rank over time, top of the chart is #1. 5 snapshots from 6 h ago to 52 min ago.

Evidence

• "What a day for # Bessent .🚨Everything is moving against him. - Yen down - Oil up - US yields up - Japanese yields up The # inflation problem🚨in the US & JP is getting worse, putting further upward pressure on US yields. US: already on its way to a debt crisis... # IranWar… · KimPerales@toad.social · 12

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