Bessent Tries to Manipulate the Bond Market — Worked One Day, Failed the Next as Wall Street Called His Bluff. Plus More Californians Fleein

Treasury Secretary Scott Bessent, a former Soros currency trader, surprised markets by doubling Treasury's bond buyback program to push interest rates down. It worked for about 24 hours — yields dropped sharply Wednesday. By Thursday, Wall Street had figured it out and rates bounced right back up, essentially erasing the whole intervention. Total failure, and it puts Bessent at odds with Fed Chair Kevin Warsh. More people are leaving California, no surprise there. And yes, apparently Prince Harry and Meghan Markle moving back to the UK is today's big headline. We ask — who cares? — but cover it anyway since it's everywhere. All of it today. Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support. Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed