Episode 317: Discovered, Not Imposed: Bond Yields and Government Intervention

Secretary Bessent announced that the Treasury Department was going to intervene in the bond market last week because “market fundamentals were not working.”  In today’s Capital Record, David explains what was done, why it was done, what to expect, and most of all, why it is so, so sad to see this happening. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.