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Weekly: Scott Bessent Was Lucky
In prepared remarks for this year's Treausury Market Conference (it's an annual event co-hosted by t
“The bond market’s not famous for being gullible and stupid. That’s stocks.”
Well said!
Great article all the way around. I invest in bonds and I agree with everything you said (especially the part about US bonds, notes, and bills being quite literally indispensable).
That’s one way to spin a weakening economy: “look, Treasuries are up”.