Jackson Hole Highlights New Tug-of-War for the Treasury and Fed [WSJ]Bessent surprised market watchers last week by announcing that the Treasury would at least double the government’s buybacks of long-term debt. His goal was to push down yields that had hit 19-year highs, Nick reports. That process could loosen financial conditions at the very moment the Fed may want to tighten them.Aon CEO says insurance broker seeks to build ‘premiere middle market platform’ with purchase of rival USI [CNBC]In...
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