Why Treasury Secretary Bessent's moves to calm the bond market haven't worked so far

WASHINGTON – Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs, a sign Wall Street investors remain worried about burgeoning government debt, heavy borrowing by tech firms, and the Federal Reserve's commitment to fighting inflation. The yield on the 10-year Treasury note, a key benchmark for mortgage rates, rose back to 4.69% Thursday [1].

Sources

1. click2houston.com · Why Treasury Secretary Bessent's moves to calm the bond market haven't worked so far Aug 20, 2026

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