The Latest Breaking News from US Treasury

Kyrgyzstan's Bakai Bank CEO Umut Abakirova met with U.S. Treasury Secretary Scott Bessent and executives from major U.S. financial firms, including BlackRock, Bank of America, and KPMG, to position the Central Asian nation as a hub for American investment in emerging markets.

The S&P 500 hit a new all-time closing high and most of the stocks in the Dow Jones Industrial Average were up the day before a critical jobs report.

Fed Chair Jerome Powell seems ready to cut interest rates in the fall but will still rely on incoming economic data about inflation and employment.

September S&P 500 E-Mini futures (ESU25) are trending up +0.26% this morning, attempting to snap a five-session losing streak, with focus squarely on a highly anticipated speech from Federal Reserve Chair Jerome Powell.

The U.S. Treasury's plan to refill its General Account (TGA) with $500–600 billion over the next two months is set to test one of the most fragile liquidity environments in a decade.

U.S. Treasury Secretary Scott Bessent believes stablecoins will buoy the market for U.S. Treasuries, and the government will sell more short-term debt to meet that demand.

September S&P 500 E-Mini futures (ESU25) are trending down -0.13% this morning, continuing to drop after a tech-led selloff in the prior session, while investors await the Federal Reserve’s July meeting minutes, comments from Fed officials, and earnings reports from more retail heavyweights.

Let’s take a look at some of the most significant stories that broke over the weekend, including the latest on China’s economy, the SP 500 earnings, and the impact of stablecoins on the U.S. dollar.

The dollar index (DXY00 ) on Friday fell by -0.41%, undercut by Friday's weaker-than-expected US consumer sentiment report. The dollar also suffered from underlying foreign investor concern about the possibility of a politically-driven US monetary policy after US Treasury Secretary Bessent on Wednesday appeared to give the Fed marching orders...