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Not A Whole Lot Bessent Can Really Do: Roth

Stephanie Roth, Chief Economist at Wolfe Research, joins Scarlet Fu on "Bloomberg Real Yield." US Treasuries fell a day after the Trump administration’s surprise decision to increase buybacks of longer-dated bonds, showing the move did little to counter angst about the surging government debt that pushed some yields to a 19-year high. (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far

WASHINGTON (AP) — Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs, a sign Wall Street investors remain worried about…

  • Treasury Secretary Bessent's bond buyback program doubled to $4 billion per operation
  • 10-year Treasury yield rose to 4.69%, nearing early Wednesday levels
  • Bessent stated yields don't reflect underlying fundamentals

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