Mmastodon BusinessEconomy first seen 4 h ago, last 36 min ago, peak #7

Markets Turn Against 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 are pointing to a rough day for US Treasury Secretary Scott Bessent, with the yen falling, oil prices rising, and both US and Japanese government bond yields climbing. The moves are being read as signs that inflation pressures in the United States and Japan are worsening, adding upward pressure on US borrowing costs. Some observers warn the US is already heading toward a debt crisis, with tensions around Iran adding to market anxiety.

Why now: Rising yields, a weaker yen and higher oil prices are fuelling concern about US fiscal stability and inflation.

Scott BessentUnited StatesJapan

Open on mastodon →

Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 36 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

API: https://socialmediatrends-api.osmike.com/v1/trends/255598