Reported about 11 hours ago
Bond traders were unsettled by President Trump's remarks about investigating U.S. Treasury debt payments for fraud, speculating it might lead to a reduction in the national debt. His comments came alongside Treasury Secretary Scotty Bessent's statement indicating a decline in government borrowing. While some believe these developments could be beneficial for the Treasury market, concerns about operational disruptions caused by the Department of Government Efficiency (led by Elon Musk) and the necessity for concrete evidence of reduced borrowing remain.
Source: YAHOO