{
  "id": 2453671,
  "title": "Trump says he did not direct Bessent to intervene in bond market",
  "url": "https://urgent.news/2026/08/21/trump-says-he-did-not-direct-bessent-to-intervene-in-bond-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T23:30:46.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/trump-says-he-did-not-direct-bessent-to-intervene-in-bond-market-4872224"
  },
  "original_language": "en",
  "account": "On Friday, U.S. President Donald Trump stated that he did not instruct Treasury Secretary Scott Bessent to interfere in the bond market, asserting that the Treasury chief took action on his own authority. Bessent revealed on Thursday that the government could escalate its Treasury repurchases after an unexpected announcement on Wednesday that it would spend twice the anticipated amount on bond buybacks.\n\nTrump responded to reporters on Friday when asked if he had directed Bessent to intervene in the bond market, asserting that he did not. He praised Bessent's capabilities, stating that the Treasury chief was \"a very capable man\" and \"very good at it.\" Trump further confirmed Bessent's actions, saying, \"He did that, yeah.\"\n\nBessent, a former hedge fund manager with extensive experience in sovereign debt and currency markets, made the decision to intervene in the bond market. However, by Friday, the declines in bond yields triggered by Bessent's announcement had largely been reversed. Long-term Treasury yields recently surged due to concerns about the U.S. government's increasing debt, inflation remaining higher than the Federal Reserve's 2% target, and the potential impact on investment flows.",
  "summary": null,
  "key_points": [
    "President Trump denied directing Treasury Secretary Bessent to intervene in bond market.",
    "Bessent, former hedge fund manager, made decision to intervene in bond market independently."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}