The yield on the benchmark 10-year US Treasury note spiked as high as 4.5% on Wednesday. It was a whiplash reversal after falling below 4% and hitting its lowest level since October just days before.

Trump also raised the tax rate on Chinese imports to 125%. Treasury Secretary Scott Bessent told reporters that the pause was not a result of the brutal selloffs in the financial markets but ...

A Treasury Department official told BI it was a failed program and said its fate was up in the air. The future of IRS Direct File looks grim as a DOGE official eyes cuts and the Treasury ...

Scott Bessent, US treasury secretary, speaks to members of the media outside the White House in Washington, DC, US, on Wednesday, April 9, 2025. Photo / Chris Kleponis, Getty Images US Treasury ...

Treasury Secretary Scott Bessent denied the president's move to implement a pause on his tariffs was the result of declines in the financial markets, which have been causing great concern for ...

The 10-year Treasury yield actually rose again yesterday, and while it’s dipped a little today it is still at 4.32 per cent at pixel time, and well above the 3.86 per cent low touched less than ...

THE Zimbabwe Revenue Authority (Zimra) is awaiting guidance from the Treasury on how the tariff exemption on either goods imported from or manufactured in the United States will be rolled out ...

Former Treasury Secretary Larry Summers said Wednesday that the U.S. is being treated as a “problematic emerging market.” “Long-term interest rates are gapping up, even as the stock market ...

The sweeping tariffs President Trump announced last week were a "negotiating strategy," Treasury Secretary Scott Bessent suggested Wednesday as the president announced a 90-day pause on most of ...

WASHINGTON (AP) — The U.S Treasury Department on Wednesday issued new sanctions targeting Iran’s nuclear program, just days before senior American and Iranian officials are expected to hold ...

Treasury Secretary Scott Bessent says his department intends to play a greater role in banking regulation to ensure lending policies better match the risk of financial firms. “Bank regulation ...