Thirty-odd years ago, the Treasury Secretary was one of the speculators who broke the Bank of England in a famous trade. Now he’s on the other side of the markets, struggling to contain rising bond yields.
The Humbling of Scott Bessent


Thirty-odd years ago, the Treasury Secretary was one of the speculators who broke the Bank of England in a famous trade. Now he’s on the other side of the markets, struggling to contain rising bond yields.