Bessent moves to counter US bond-market sell-off
US Treasury Secretary Scott Bessent is moving to buy more long-term government debt as borrowing costs rise in the $32 trillion Treasury market, the Financial Times reported. Wall Street investors described the effort as a temporary fix, while Bessent is making a high-stakes attempt to push back against bond-market pressure.
Why it matters
Treasury yields shape government borrowing costs and ripple through mortgages, corporate finance and asset prices around the world.
Sources
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Part of the August 21, 2026 brief.