U.S. Treasury Secretary Bessent intervenes in bond markets with doubled long-term bond purchases as 30-year yields approach a critical 5.30% threshold.
Macro & Markets ·
The U.S. Treasury doubled its purchases of long-term bonds in response to elevated yields in the government bond market, with officials identifying 5.30% as a critical threshold for 30-year yields. According to Bloomberg, Treasury Secretary Bessent has pursued an unusually active approach to market management compared to his predecessors in recent decades. Former President Trump publicly dismissed concerns about bond market turbulence.