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Treasury’s Bond Push Falters | Tulsa News
Treasury Secretary Bessent’s bold move to quadruple the Treasury’s bond-buying program to $4 billion aimed to cool soaring yields and ease mortgage costs—but markets shrugged, pushing the 10-year yield back up to 4.69%. With national debt at $40 trillion and deficits nearing $2 trillion, Bessent hinted at a new deficit-reduction plan by Monday, blaming temporary factors like tariff refunds. Yet skeptics note Congress holds real power over spending, while tech giants’ AI-driven borrowing is fueling bond demand and higher yields. Meanwhile, whispers of the Fed altering inflation metrics add…
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