'The U.S. is not the only game in town anymore' — Treasury debt faces more competition from higher-yielding bonds overseas than in recent decades FortuneOpinion | America Is About to Get More Expensive The New York TimesGlobal bond yields are surging. Here's why it matters CNNLonger-dated Treasury yields rise as Bessent's bond buyback rally fizzles out CNBC
After decades of free spending, Washington is facing some unpalatable choices The Washington PostOpinion | An Ancient Sumerian Solution to Our $40 Trillion Deficit The New York TimesVance: Bessent has ‘very discreet plan' to shrink $40 trillion national debt The HillHow Dachshunds Took Over the Dog World Bloomberg.com
The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.
