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August 31, 2026
Treasury Secretary Bessent Defends Bond Market Amid Rising Yields
- Bessent claims the U.S. bond market has outperformed other major countries since President Trump's return to office.
- He acknowledges the recent spike in 10-year Treasury yields, which reached their highest level in nearly 20 months.
- Bessent downplays short-term yield fluctuations, emphasizing long-term market stability despite rising global yields.
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5 Sources
- Bessent pushes back on Druckenmiller critique of bond interventionAug 31, 2026 at 5:14 PM · CNBC
- Global sell-off in government bonds intensifiesSep 1, 2026 at 2:37 PM · The Hill
- What higher interest rates are telling usSep 1, 2026 at 4:10 PM · Axios
- Bessent touts bond market as 10-year Treasury yield spikesSep 1, 2026 at 5:20 PM · CNBC
- The Guardian view on the global bond shock: Andy Burnham should take note | EditorialSep 1, 2026 at 6:15 PM · The Guardian