Bessent’s Treasury Market Interventions Fall Flat As Bond Yields Climb Higher
Treasury Secretary Scott Bessent insists he has a “big toolkit” to address mounting pressures in the U.S. government bond market, but his efforts so far have produced limited results. A two-pronged strategy combining accelerated buybacks with public reassurances has done little to calm investor anxiety or push longer-dated yields durably lower. The Treasury’s Wednesday announcement…