Mmastodon BusinessEconomy first seen 17 h ago, last 1 h ago, peak #7
Markets turn against Treasury Secretary Bessent on multiple fronts
Original: "What a day for # Bessent .🚨Everything is moving against him. - Yen down - Oil up - US yields up - Japanese yields up Th
Commentators are highlighting a rough day for US Treasury Secretary Scott Bessent, as bond and currency markets moved against him on several fronts at once. The yen fell while US and Japanese yields rose alongside higher oil prices, which observers read as a sign that inflation pressures in both the US and Japan are worsening. Some posts link the pressure to the Iran conflict and warn the US is already heading toward a debt crisis, putting further upward pressure on Treasury yields.
Why now: Rising yields, a weaker yen and higher oil are combining to renew fears of a US debt and inflation crisis under Bessent's watch.
Scott BessentUS TreasuryJapanIran
Rank over time, top of the chart is #1. 8 snapshots from 10 h ago to 1 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/255598