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Treasury’s Bold Move to Cool Bond Yields | Durham News
Treasury Secretary Scott Bessent just pulled off a bold move: buying back long-term government bonds to cool soaring yields—levels last seen before the 2008 crash. Done on the same day the national debt hit $40 trillion, the surprise tactic briefly calmed bond markets and lifted stocks after a tech-heavy sell-off. But skeptics warn it’s a short-term fix that could force the Treasury into riskier short-term borrowing. While it signals a shift from the Treasury’s usual predictable approach, analysts agree it doesn’t tackle the root problems—massive deficits, inflation, or the crushing cost of…
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