Why Treasury Secretary Scott Bessent’s moves to calm the bond market haven’t worked so far
The Treasury Department doubled its purchases of government bonds to try to lower interest rates, which had risen to high levels. Treasury Secretary Scott Bessent made this move to calm markets, but interest rates went back up afterward, suggesting investors remain concerned about government debt.
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The story so far
3 developments- Aug 19Bond market takes a breather after surprise move by Treasury Department
- Aug 20Bond yields jump, erasing impact of Treasury Department’s intervention
- Aug 20Why Treasury Secretary Bessent's moves to calm the bond market haven't worked so far
Who covered each development
No new developments
Quiet for 40 daysLast development · Aug 20 — Why Treasury Secretary Bessent's moves to calm the bond market haven't worked so far
The bigger story
This story is one of several related ones. Here's where it sits.
Left
6 viewpointsBessent says Treasury might push bond buybacks well past $4 billion per issue
Center
4 viewpointsWhy Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far
Analysis: Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far
Right
3 viewpointsWhy Treasury Secretary Scott Bessent’s moves to calm the bond market haven’t worked so far
Bond markets shrug off Treasury intervention, with yields rebounding
US Treasury to double sizes of some debt buyback operations to at least $4 billion
Other outlets
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Left
1 articleUS treasury doubles debt buyback to steady bond market amid inflation fears
Center
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