SOVEREIGN wealth funds are some of the most powerful – and secretive – investors in the world, with more than US$13 trillion ...

Treasury Secretary Scott Bessent said President Donald Trump is looking for longer-term interest rates to fall.

In just two weeks as Treasury chief, Scott Bessent has seen plenty of turbulence. The department became a target of Elon Musk’s crackdown on federal spending — triggering protests outside Bessent’s ...

Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...

Federal Reserve Chair Jerome Powell may be breathing easier now that the Trump administration intends to focus on the 10-year Treasury yield, instead of rate cuts, to lower borrowing costs. But for ...

NEW YORK (Reuters) - U.S. Treasury Secretary Scott Bessent's pledge to contain yields on 10-year Treasury notes met some ...

U.S. stocks were mixed on Thursday, near record highs, but another big focus was the 10-year Treasury yield. Treasury Secretary Scott Bessent said Wednesday that the Trump administration was focused ...

Several U.S. states already have sovereign wealth funds — government-controlled investment funds that enable excess capital ...

Treasury Secretary Scott Bessent said Donald Trump is not asking the Federal Reserve to lower its short-term interest rates, ...

Should you find it difficult to put much stock in what a Trump official says, there are economic factors that explain the ...