Bonds: Excessive government debt - markets expect an "activist" US finance minister
With his latest offensive, Scott Bessent is signaling that he is ready for further market interventions. This deviates from the USA's previous principle. These are the consequences.
US Treasury Secretary Scott Bessent has taken steps to calm the market by announcing plans to buy back long-term US government bonds, aiming to curb the recent surge in yields. The move follows his intervention in the Japanese currency market a few weeks ago and has been seen as a significant shift in the Treasury's approach to managing government debt.
The yield on 30-year US government bonds fell to 5.22% on Thursday, down from 5.34% on Tuesday, after the Treasury announced plans to buy back at least double the amount of bonds with maturities of 10-30 years as previously planned. The US national debt has meanwhile surpassed $40 trillion for the first time.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
