{
  "id": 2493815,
  "title": "Trump says he did not direct Bessent to intervene in bond market",
  "url": "https://urgent.news/2026/08/22/trump-says-he-did-not-direct-bessent-to-intervene-in-bond-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T03:49:20.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/trump-says-he-did-not-direct-bessent-to-intervene-in-bond-market/articleshow/133416881.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "US President Donald Trump stated that he did not direct Treasury Secretary Scott Bessent to intervene in the bond market. According to The Economic Times, Bessent made his decisions independently, based on his understanding of the economic situation.\n\nThe government had announced plans to buy back double the amount of bonds initially anticipated, leading to a significant drop in bond yields. This move was intended to tame US borrowing costs, but its impact was short-lived, with long-term yields rebounding.\n\nThe intervention had broader market implications, with the dollar weakening and gold and Bitcoin rallying, according to The Business Times. This was seen as a \"debasement trade\" fueled by swelling US deficits and concerns over US economic policy. Some market observers, including Charlie McElligott of Nomura and Ray Dalio, interpreted the market response as a sign of pressure on the market, with some recommending that investors cut bond exposure and hold gold instead.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Asia Times",
        "title": "Bond markets defy Bessent’s attempt to force rates lower",
        "url": "https://urgent.news/2026/08/21/bond-markets-defy-bessents-attempt-to-force-rates-lower",
        "published": "2026-08-21T04:47:23.000Z"
      },
      {
        "outlet": "Investing.com",
        "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",
        "published": "2026-08-21T23:30:46.000Z"
      }
    ]
  },
  "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."
}