Treasury Secretary Scott Bessent's recent intervention to acquire bonds worth $6 billion fails to contain the rise in yields, which have reached concerning levels. Investors criticise the measure as insufficient to stabilise the public debt market.
Attempts by Scott Bessent to stabilise the US public debt market, valued at $32 trillion, have proven counterproductive. According to expansion.com, investors believe that the recent purchase of Treasury bonds worth $6 billion is not enough to halt the rise in yields, which have reached their highest levels in nearly three years.
The yield on 10-year Treasury bonds surged this week, nearing 5%, an alarming threshold for the markets. This situation is exacerbated despite government intervention measures aimed at addressing what Bessent described as a
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