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Treasury Chief Fights Bond Market 'Fever'
8 Sep
Summary
- Treasury Secretary Scott Bessent acted to calm the bond market.
- A buyback program for older US government securities was expanded.
- Bessent aims to restore equilibrium in market conditions.
Treasury Secretary Scott Bessent took decisive action last month to stabilize the bond market. He expanded a program designed to buy back older U.S. government securities.
Bessent characterized the market condition as a "fever" that needed to be addressed. His stated goal in implementing these measures was to "push things back towards equilibrium."
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