Matthew Burgess

Treasury Secretary Scott Bessent’s championing of a Federal Reserve facility Japan can use to boost the yen comes with the benefit of protecting the US bond market from excess sales.

Treasury Secretary Scott Bessent’s championing of a Federal Reserve facility Japan can use to boost the yen comes with the benefit of protecting the US bond market from excess sales.

The US Treasury may be using euros rather than dollars to fund its yen purchases to avoid weakening its own currency and casting doubt on its strong greenback policy, according to strategists.

Japan has alternative tools to defend the yen without liquidating its more than $1.1 trillion US Treasury portfolio as its short-term debt holdings run low, according to Citigroup Inc.

Less than three business days after ‘consultation’ closed on the proposed minimum tax on discretionary trusts, Treasury released a second tranche of amendments claiming to address perceived gaps in the initial tranche of Budget related legislation.

Oil climbed in early Monday trading and US equity futures were steady as investors awaited signs of fresh progress on a deal to reopen the Strait of Hormuz.

(Bloomberg) -- Speculative investors are increasingly betting the Reserve Bank of Australia will raise interest rates again in November as inflation remains above the central bank's target.

Speculative investors are increasingly betting the Reserve Bank of Australia will raise interest rates again in November as inflation remains above the central bank’s target.

Oil opened slightly higher as traders weighed renewed Israeli attacks on Lebanon and the prospect of fresh US sanctions on Iran ahead of the formal end of the ceasefire due Monday.

Oil prices rise 0.5% due to Israeli attacks on Lebanon and US sanctions threats against Iran. Middle East tensions persist, complicating Washington-Tehran negotiations over Strait of Hormuz.