US Bond Market Yields Rise Above 5%, Contradicting Treasury Claims
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
US Treasury Secretary Scott Bessent's claims regarding bond market stability were contradicted by recent market activity. The furthest fall in the US long bond future was 1.97 points. This occurred while the U.S. Treasury was conducting a liquidity buyback of up to $6 billion of 20-30 year debt in September.
Why it matters
The yield on five-year US Treasuries rose above 5% for the first time in almost two decades. This market pressure highlights the challenges involved in managing the longer end of the bond market.
Scott Bessent's actions are influencing US bond market stability, while German bond yields react to ECB policy led by Christine Lagarde.
Who's involved
- Scott BessentUnited States Secretary of the Treasury
- U.S. TreasuryThe department responsible for managing the issuance of US debt
How it developed
Newest first. Tap a step to see who reported it.Cramer challenged Bessent's view on bond market stability.1 source
Bessent's specific claim about the bond market was contradicted by market activity.1 source
Keep exploring
The entities involved
-
Scott Bessent
United States Secretary of the Treasury
-
Europe
terrestrial continent located in north-western Eurasia