Is Bessent Facing a Bond Market Credibility Issue?

Bitcoin and gold have experienced a surge following a bond market move by US Treasury Secretary Scott Bessent that weakened the dollar. This shift potentially reshapes investment strategies and global economic dynamics. Meanwhile, experts from Jefferies and Morgan Stanley, including Modupe Adegbembo and Marina Zavolock, discussed on Bloomberg Television whether Bessent faces a credibility issue after announcing that the US Treasury Department would at least double the size of its long-dated bond buybacks.