Becent needs to do more to rebuild market confidence

The analyst stated that the Minister of Finance, Becent, needed to do more to convince the market that the United States Government was taking fiscal matters seriously. The bond market's signal to Becent in recent days is that the US Treasury debt of $40 trillion cannot be simply concealed. Becent announced plans to scale up long-term national debt buy-backs this autumn and committed to using the Treasury's “toolbox” to support markets. Former Enron energy trader John Arnold said that the bond market turmoil this summer may have been a “quick skirmish”, but the greater concern is that the lack of change in the fiscal position of the United States will continue until the crisis is triggered. The manager of the Bradywin global portfolio, Tracy Chen, said she was nervous that Becent had failed to contain the long-term national debt return. The bond market showed that bond investors still did not trust him. Becent needs to do more to convince investors that the Trump Government is taking fiscal matters seriously, but that talking about tax increases or austerity will be unpopular before the mid-November elections。