Bessent pushes back on fears over US debt market strains
Bessent said the Treasury’s larger buybacks aim to steady markets, and he argued 10-year yields near 4.73% reflect economic strength.
5 Articles
5 Articles
The Secretary of the Treasury of the United States, Scott Bessent, minimized concerns about turbulence in the Treasurys market, arguing that the apprehensions about rising debt and securities revenues ignore the soundness of the American economy and its fiscal outlook. Subject matter exclusive to subscribers. To have full access, access the link of the subject and register.
US stock market: Bessent dismisses US bond market turmoil concerns, points to economic strength
U.S. Treasury Secretary Scott Bessent reassured markets by minimizing concerns over turbulence and debt. He emphasized that robust economic growth is boosting the country’s fiscal health. In defense of the Treasury's increased bond buyback initiative, Bessent pointed to larger international interventions as a valid reason for this approach. The expanded buyback operations are set to commence in September.
Bessent pushes back on fears over US debt market strains
By David Lawder and Leika Kihara ASHEVILLE, North Carolina, Aug 30 (Reuters) - U.S. Treasury Secretary Scott Bessent brushed aside concerns about turbulence in the U.S. government bond market, arguing that worries about rising debt and yields overlook ...
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