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Bessent Blames China For Derailing G20 Joint Communique
Bessent Blames China For Derailing G20 Joint Communique
The Group of 20 finance meetings in Asheville, North Carolina, concluded on Tuesday after four days of discussions among finance ministers and central bank chiefs on global trade. The news late Tuesday was that China had derailed the group's efforts to issue a joint communiqué by refusing to endorse specific language targeting trade surpluses and export-dependent economic models.
"The country with the world's largest and unsustainable current account surplus, the People's Republic of China, was the dissenter," Treasury Secretary Scott Bessent told...
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May 26, 2026 / Tyler Durden
Mediocre 2Y Auction Prices At Highest Yield Since Feb 2025
Mediocre 2Y Auction Prices At Highest Yield Since Feb 2025
With Treasury yields sliding 4 days in a row, today's 2Y auction was not seen as especially concerning (certainly not as much as a week ago, when the 10Y was knocking on 4.70%'s door, vs 4.50% where it trades today). Still, while the auction did have it strong sides, it was hardly stellar.
Starting at the top, the $69BN sale of 2Y paper priced at a high yield of 4.071%, up 26bps from 3.812% a month ago, and the highest since...
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Jun 13, 2026 / Tyler Durden
Endgame Finally? Iran Peace Deal Signing Expected Within 24-Hours, Technical Talks To Follow, Pakistan's Sharif Says
Endgame Finally? Iran Peace Deal Signing Expected Within 24-Hours, Technical Talks To Follow, Pakistan's Sharif Says
After Friday witnessed a rare moment of agreement between Tehran and Washington saying that indeed a peace deal Memorandum of Understanding (MoU) is indeed 'very close' - there's been more color issued by Pakistan.
The country's Prime Minister Shehbaz Sharif said that the United States and Iran have agreed to the final text of the agreement, but that curiously Pakistan is now preparing for an electronic signing expected within the next 24 hours.
Is this going to be...
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Jun 1, 2026 / Tyler Durden
Trump On Iran Halting Talks: "We'll Keep Blockade" - Signals Tehran Can't Outlast US
Trump On Iran Halting Talks: "We'll Keep Blockade" - Signals Tehran Can't Outlast US
Summary
Iran announces halt to all exchanges with US, citing Israeli aggression in Lebanon. Trump says 'haven't heard' this from Tehran, vows to keep US naval blockade in place.
Iran overnight initiated fresh attacks on neighboring Kuwait and even released video showing footage of a ballistic missile launch.
The US bombed radar & drone sites in Iran in response to the Iranians having shot down a US drone over the weekend. Reports of foreign jets over Iranian airspace.
Iran negotiator Ghalibaf charges...
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