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The Economic Times

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US Treasury Secretary may have a tough time dealing with yields

Treasury Secretary Scott Bessent initiated a Treasury twist to influence bond yields. This move aimed to lower long-term borrowing costs for the administration. However, yields quickly rebounded, indicating forces beyond his control. Record debt levels and increased corporate borrowing are pushing rates higher. Investors are reportedly acting on misinformation regarding the deficit situation.

24 Aug 2026 7:07 am