Here are some newswires from a Mnuchin speech at the Milken Global Conference. Mnuchin is done speaking now. These weren't necessarily market-movers, but may have added to bond market weakness (which was already in-progress when Mnuchin began speaking):
- US TREASURY SECRETARY STEVE MNUCHIN BEGINS SPEAKING AT MILKEN GLOBAL CONFERENCE IN BEVERLY HILLS, CALIFORNIA
- MNUCHIN: WE SHARE THE SAME VISION WITH CONGRESS OF WHAT WE'RE TRYING TO DO WITH TAX REFORM
- MNUCHIN: IT'S NOT THE FEDERAL GOVERNMENT'S JOB TO SUBSIDIZE STATES
- MNUCHIN SAYS TRUMP BELIEVES IN FREE AND FAIR TRADE
- MNUCHIN: THERE'S PLENTY OF OTHER WAYS TO RAISE REVENUE TO OFFSET TAX CUTS
- MNUCHIN: WE EXPECT TO PAY FOR TAX PLAN THROUGH ECONOMIC GROWTH AND A LOT OF DEDUCTIONS
- MNUCHIN: TAX PLAN IS OUR VERSION OF A JOBS BILL
- MNUCHIN: THE EXPECTATION THAT HEALTHCARE REFORM WOULD BE DONE IN 18 DAYS WAS A 'BIT AGGRESSIVE'
- MNUCHIN: PRESIDENT TRUMP HAS MADE A LOT OF PROGRESS ON FOREIGN POLICY
- MNUCHIN: IT WILL TAKE TWO YEARS TO GET UP TO 3 PCT GDP GROWTH
- MNUCHIN: THESE GDP GROWTH RATES ARE ACHIEVABLE AND SUSTAINABLE BECAUSE OF TAX, REGULATORY RELIEF AND TRADE
- MNUCHIN: YOU SHOULD ALL THANK ME FOR YOUR BANK STOCKS DOING BETTER
- MNUCHIN: WE'VE HAD 500 PEOPLE IN TO DISCUSS REGULATORY REFORM REPORT DUE IN JUNE
- MNUCHIN: BANKS NEED TO UNDERSTAND WHAT THE RULES ARE; THE BLACK BOX APPROACH TO REGULATION IS SOMETHING WE NEED TO GET RID OF
- MNUCHIN: WE AREN'T GOING TO PUT INFRASTRUCTURE AND TAX REFORM TOGETHER IN ONE BILL
- MNUCHIN SAYS SPENDS 50 PERCENT OF HIS TIME WORKING ON ISSUES RELATED TO ON MONEY LAUNDERING AND SANCTIONS
- MNUCHIN: WE CAN'T LEAVE FANNIE AND FREDDIE AS IS FOR THE NEXT FOUR YEARS
- MNUCHIN: NEED TAX RATE THAT IS AVAILABLE FOR SMALL AND MEDIUM-SIZED BUSINESSES, NOT JUST LARGE CORPORATIONS
