{
  "id": 6937369,
  "title": "Scott Bessent dismisses 'Bloomberg Terminal bros' as 10-year Treasury yield hits 4.94% despite $5.2B buyback",
  "url": "https://urgent.news/2026/09/12/scott-bessent-dismisses-bloomberg-terminal-bros-as-10-year-treasury",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T13:30:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/economy/policy/articles/scott-bessent-dismisses-bloomberg-terminal-133000792.html"
  },
  "original_language": "en",
  "account": "Treasury Secretary Scott Bessent has dismissed critics on social media by calling them the \"Bloomberg Terminal Bros.\" In a podcast interview, he stated that the U.S. Treasury Department has the best-performing bond market in the world. Despite tensions, Bessent emphasized that the U.S. is financially strong and that the Administration continues to buy bonds to control yields. However, recent data shows that the 10-year Treasury yield hit 4.94%, its highest level since October 2023. The Treasury Department purchased $5.2 billion worth of bonds, yet bond yields continue to rise. Analysts attribute this to inflation, corporate bonds, and the U.S. debt pile. Bessent has a history of managing risk, being a former hedge fund manager who famously traded against the Bank of England in 1992. He continues to defend his bond-buying strategy despite criticism.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "'I am the house now': Scott Bessent warns traders not to bet against his plan to bolster the Japanese yen",
        "url": "https://urgent.news/2026/09/09/i-am-the-house-now-scott-bessent-warns-traders-not-to-bet-against-his",
        "published": "2026-09-09T23:00:00.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Treasury yields continue to rise even as Bessent doubles down on bond buybacks",
        "url": "https://urgent.news/2026/09/10/treasury-yields-continue-to-rise-even-as-bessent-doubles-down-on-bond",
        "published": "2026-09-10T11:47:41.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "Scott Bessent dared the $32 trillion bond market with ‘I am the house now’ statement. It didn’t listen",
        "url": "https://urgent.news/2026/09/10/scott-bessent-dared-the-32-trillion-bond-market-with-i-am-the-house",
        "published": "2026-09-10T17:37:55.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Analysis-Edgy bond investors unconsoled by Bessent’s big buyback",
        "url": "https://urgent.news/2026/09/10/analysis-edgy-bond-investors-unconsoled-by-bessents-big-buyback",
        "published": "2026-09-10T17:55:03.000Z"
      },
      {
        "outlet": "Nikkei Asia",
        "title": "Can Bessent's 'I am the house now' warning keep the yen strong?",
        "url": "https://urgent.news/2026/09/11/can-bessents-i-am-the-house-now-warning-keep-the-yen-strong",
        "published": "2026-09-11T02:14:25.000Z"
      }
    ]
  },
  "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."
}