US Treasury Secretary Bessent says the US is experiencing a capex boom, which always leads to an employment boom. The narrative of EU nations discussing selling USTs is false; there is no talk of this, it is mis-reporting.

• Says the worst thing countries can do is heighten trade tension with the US.
• The narrative of EU nations discussing selling USTs is false. There is no talk of this, it is mis-reporting.
• Swiss-US agreement is well along the road.
• On EU-US relations, says there is no need to jump to the worst case scenario at this point. Reminds that trade ties have been strained before, and it worked out. Is confident that leaders will not escalate and that it will work out. 

• Expects economic growth to be strong this year, at around 4-5% real GDP growth.
• They will see substantial refunds of up to USD 1000 per worker in Q1.

US Treasury Secretary Bessent's comments emphasize a strong outlook for the U.S. economy driven by capital expenditure and anticipated employment growth, which may support a more resilient USD. Additionally, his insistence that reports of EU countries selling U.S. Treasuries are false helps stabilize sentiment around U.S. assets amid evolving trade dynamics. This overall narrative suggests potential market stability, but traders should remain vigilant about underlying tensions that could influence cross-border relations and market reactions.