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Bossing the bond market around never works
对债券市场颐指气使从来都不会奏效

Despite Scott Bessent’s efforts, investors worry something is up
尽管斯科特•贝森特竭力应对,投资者仍担心有些不对劲。

Scott Bessent’s running battle with the bond market is starting to look like his boss’s war in Iran — started by his own hand with a tangled set of objectives, an underestimated opponent and an implausible path to victory. And like the conflict in the Middle East, we are all going to suffer its effects.

斯科特•贝森特(Scott Bessent)与债券市场的持续较量,开始让人联想到他的老板在伊朗发动的战争——这场战争由其亲手挑起,目标错综复杂,对手实力被低估,胜利路径也难以令人信服。与中东冲突一样,这场较量的后果将由我们所有人共同承受。

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