Bessent Defends Bond-Market Rescue as Yields Sail Past 5%
TL;DR
Treasury Secretary Scott Bessent defended last week’s intervention in the U.S. bond market before the House Financial Services Committee, saying the buyback helped cap rising yields even as the 10-year Treasury topped 5%—its highest in about 19 years—while portraying the Trump-era economy as delivering gains despite public concerns about prices and inflation, and pushing back on Democrats’ living-cost criticisms.
Topics:businesseconomy#10-year-yields#bessent#bond-market-intervention#economy#inflation#trump-economy
- Bessent Defends Faltering Bond Market Intervention nytimes.com
- The time Scott Bessent tried to outsmart the bond market CNN
- Why the US Treasury Is Battling the Bond Market and What Investors Can Do About It Morningstar
- ‘If the Bloomberg Terminal bros are unhappy with what I’m doing, that’s too bad’: Bessent says he’ll continue ‘ignoring the noise’ Yahoo Finance
- Treasury to buy back up to $6B in longer-term debt as bond yields hit highest level since 2023 Fox Business
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