US Treasury

Gold extended its remarkable 2025 rally on Friday, rising about 1.5% to $3,446 per ounce in New York morning trading as safe-haven demand accelerated following Israel's overnight airstrikes on Iran's nuclear and missile infrastructure — a move that threatens to destabilize an already volatile...

Market observers on X are taking note of the disconnect seen in U.S. Treasuries, as a major shift in trade and tariff policies overnight does little to slow the rising yields. What Happened: In a post on X on Wednesday, The Kobeissi Letter highlighted the surge in U.S. 10-Year Treasury yields,...

The U.S. Treasury will strike its last penny early next year, ending a 233-year production run, yet the copper-colored coin will keep rattling in cash drawers for years as retailers gradually round transactions to the nearest nickel. What Happened: There are about 114 billion pennies in circulation...

In a landmark decision, the U.S. Treasury Department has declared that the production of pennies will be discontinued from next year, bringing to a close two centuries of circulation. What Happened:  The call to halt the minting of pennies was taken by President Donald Trump earlier this year, who...

Mortgage rates have jumped to their highest level in three months as U.S. Treasury yields, driven by rising deficits and fiscal policy fears, push the 30-year benchmark above the critical 5% mark. According to the latest Mortgage Bankers Association report, mortgage application volumes in the U.S....

The Internal Revenue Service (IRS) is reportedly bracing for a substantial drop in revenue this spring amid payment evasion by individuals and businesses as well as huge staffing cuts. What Happened: Tax officials are forecasting a more than 10% dip in tax receipts by the April 15 deadline as...

President Donald Trump has expressed his approval of the Treasury Department’s decision to suspend the Beneficial Ownership Information (BOI) reporting requirement, a move he believes will benefit small businesses across the nation. What Happened: In a post ...

The Department of Government Efficiency staff member, Marko Elez, resigned following revelations of his involvement with a racist social media account. This news comes in the wake of a legal dispute involving Elez’s access to sensitive Treasury Department data. What Happened: Elez, a former...

As President-elect Donald Trump gears up to take office, his Republican colleagues in Congress are voicing concerns that his ambitious tax-cut plans could be undermined by the escalating bond yields. What Happened: House Republicans recently convened in a private meeting on Capitol Hill, where they...

The latest development in the ongoing scrutiny of China’s economic policies has seen a senior U.S. Treasury official criticize the International Monetary Fund (IMF) for its lenient stance. What Happened: The International Monetary Fund (IMF) has been criticized for being “too polite...

Former President Donald Trump refuted claims that he considered JPMorgan Chase & Co. CEO Jamie Dimon for the role of Treasury Secretary, contradicting his own statement from a month ago. What Happened: Trump on Tuesday dismissed the idea of considering Dimon or BlackRock CEO Larry Fink for the...

The U.S. Treasury Secretary, Janet Yellen, is under fire from Republican lawmakers who accuse her of manipulating Treasury debt auctions to stimulate the economy and enhance President Joe Biden‘s image. What Happened: Sen. Bill Hagerty (R-Tenn.), a potential nominee for the Trump cabinet,...

Veteran trader Peter Brandt has sparked a discussion within the cryptocurrency community with his recent remarks on X. What Happened: On Thursday, Brandt predicted a severe regulatory crackdown on crypto staking, describing the future landscape as a “bloodbath.” “If the crypto...

In a significant development, the market for tokenized U.S. Treasury debt has seen a surge, with the value of Treasury notes tokenized on public blockchains reportedly surpassing $1 billion for the first time. What Happened: The market value of U.S. Treasury notes tokenized on public blockchains...

The U.S. Treasury is set to voice its concerns about cryptocurrency’s role in illicit finance, seeking additional authority to combat the issue. What Happened: Brian Nelson, the Treasury’s Under Secretary for Terrorism and Financial Intelligence, will present the agency’s concerns...