J.P. Morgan just poured cold water on Bessent's bond fix
- Bessent: 17 events in the last 90 days
- Previous: 2 days earlier · Wall Street is bemused by Bessent’s bond plan and the unwinding punt on the Japanese yen—he’s hinting he knows something the markets don’t
What happened
Treasury spent Wednesday, Aug. 19 buying itself some calm. Wall Street’s biggest bank spent Friday pricing what it cost.
Summary assembled by rule from the sources below