Treasury Secretary Scott Bessent says last month’s surprise expansion of the government’s bond buyback program was designed to cool what he described as a “fever” developing in the Treasury market not permanently manipulate interest rates. Why it matters: The comments ...
Some of Wall Street’s biggest names are pushing back against Treasury Secretary Scott Bessent’s plan to increase Treasury buybacks, arguing the government is trying to suppress a message the bond market is sending about America’s growing debt. Getting the most ...