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The Economic Times

National / The Economic Times

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Trump says he did not direct Bessent to intervene in bond market

President Donald Trump clarified that he had not influenced Treasury Secretary Scott Bessent's decisions in the market. Bessent made choices independently, guided by his grasp of existing economic conditions. In a surprising announcement, the government revealed plans to buy back double the amount of bonds initially anticipated. This unexpected action led to a significant drop in bond yields, although these declines were mostly corrected by the end of the week.

22 Aug 2026 9:19 am