Scott Bessent

Traders remain underwhelmed with the size of Bessent’s amped-up buyback operation

Consensus view points to a conventional 25 bps increase to 1.25% next week; central bank has to convince markets it is not behind the curve on inflation

Yield on 30-year US Treasuries back near its highest in 19 years

With chronically weak domestic demand, Beijing has doubled down on exports

BOJ widely expected to lift rates in September as inflation pressures grew

A hike in September, rather than in October, could fuel market bets the BOJ will raise rates once every quarter, some analysts say

Bigger US bond buybacks aimed at avoiding disorderly moves, not setting prices

Up to other countries to give China an incentive to shift away from exports, he says

He said he expects Bank of Japan Governor Kazuo Ueda to “do the right thing” on monetary policy