Mmastodon BusinessEconomy first seen 22 h ago, last 4 h ago, peak #7
Markets turn against US 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
Traders and commentators are pointing to a rough day for US Treasury Secretary Scott Bessent, as the yen fell, oil and US Treasury yields rose, and Japanese yields climbed too. The moves are being read as signs that inflation pressures in both the United States and Japan are worsening, pushing US borrowing costs higher. Some posts link the tension to the conflict with Iran and warn the US is already heading toward a debt crisis.
Why now: A broad simultaneous rise in yields, oil and inflation concerns put pressure on the Treasury Secretary and stoked worries about US fiscal stability.
Scott BessentUS TreasuryJapanIran
Rank over time, top of the chart is #1. 6 snapshots from 11 h ago to 4 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/255598