US Treasury secretary Scott Bessent is taking on increasingly sceptical bond investors as Washington attempts to contain rising borrowing costs in the $32tn Treasury market without addressing the deeper fiscal pressures driving yields higher, according to a report by then Financial Times.
The Treasury on Wednesday announced plans to at least double its purchases of longer-dated government bonds from next month, a move that initially triggered a sharp rally in 10- and 30-year Treasuries.
The gain...
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