US Treasury

US President-elect Donald Trump’s pick of Scott Bessent as Treasury secretary may give Beijing room to negotiate with the US over their trade tensions, in part due to his moderate stance on tariffs.

It’s the latest wrenching recalibration for traders who had been setting up for slowing growth, benign inflation and aggressive rate cuts.

Two US Treasury secretaries who navigated the GFC said next administration will inherit a vibrant economy with "dark" challenges.

Diversifying supply chains in narrow areas wasn’t the same as decoupling

The US Treasury has been staving off a possible default by using special accounting manoeuvres since hitting the limit in January.

Then-Fed ChairJanet Yellen said in 2017 that we "would not witness another banking crisis in our lifetimes"

Uncle Sam has always been seen to be good for the cash

The federal debt limit was reached Thursday.

The yield on benchmark 10-year notes jumped 23 basis points this week to 4.26% on Friday.

“We’re likely to see some slowing of job creation... I don't think that's a recession".