2 articles from The Guardian Business, MarketWatch.
Treasury Secretary Scott Bessent announced a sharp increase in government efforts to purchase treasury bonds and lower yields, but the intervention has failed to calm volatile markets as US national debt surpassed $40 trillion. The Guardian suggests this signals weakness rather than strength and warns of potential debt crisis risks, while MarketWatch notes the bond market's resistance to these stabilization efforts despite their significant scale.
AI-generated summary of 2 source articles. Not original reporting — every claim links to its source below.
Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength “Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country’s debt mountain surpassed another…
You can’t just sweep $40 trillion in U.S. national debt under a rug and forget about it — or so the bond market appears to be telling Treasury Secretary Scott Bessent.
