Scott Bessent cannot save the bond market from Congress’s $40 trillion national debt
One month after the bond market went ballistic, with the 10-year Treasury yield breaching 4.7% and the 30-year Treasury yield skyrocketing to 5.17%, the market is now well and truly imploding. The benchmark 10-year hasn’t come down, and the 30-year has catapulted toward 5.
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1 article from 1 source. Updated Aug 21, 2026.
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1 sourceScott Bessent cannot save the bond market from Congress’s $40 trillion national debt
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