Bessent Signals That Aggressive Action Possible to Bring Down Yields
Dow Jones
Aug 20
Treasury yields are choppy after Treasury Secretary Scott Bessent emphasized that the Trump administration could take aggressive action to push down longer-term bond yields.
Appearing on CNBC a day after the Treasury announced that it would increase buybacks of longer-term bonds, Bessent hinted that the increase in buybacks could even be larger than expected-possibly more than $4 billion-and said the government has "a big toolkit" to bring down yields, which he said don't currently reflect economic fundamentals. Treasury yields initially fell after Bessent started speaking but then retraced that move.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.