Bessent Axing 20-Year Treasury May Send Yields Higher, BNP Warns
Treasury Secretary Scott Bessent should resist calls to ax the 20-year bond, as doing so could send borrowing costs higher, according to BNP Paribas SA.
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Treasury Secretary Scott Bessent should resist calls to ax the 20-year bond, as doing so could send borrowing costs higher, according to BNP Paribas SA.
Conor Davis, Global Head of Institutional Sales & Investors Coverage at BNP Paribas, discusses the bankโs hiring plans and market flows. He speaks exclusively from the sidelines of the BNP Paribas Global Markets APAC Conference in Hong Kong. (Source: Bloomberg)
Isabelle Mateos y Lago, chief economist at BNP Paribas, discusses the weight of Fridayโs US CPI report on the upcoming Federal Reserve interest-rate decision. She says her firm believes โmonetary policy is not restrictive enoughโ and that the US economy โprobablyโ needs three rate hikes, starting next week. (Source: Bloomberg)