Trump Says Bessent Acted Alone to Calm Bond Markets.
President Donald Trump says Treasury Secretary Scott Bessent acted independently when the Treasury stepped up its bond buybacks this week, as rising yields continue to pressure US markets. Trump praised Bessent’s handling of the situation, calling him “very capable” and saying he has a natural touch with bonds and interest rates.
The move came as investors grew concerned over the US deficit, rising national debt, inflation and massive borrowing linked to the AI investment boom. Treasury plans to at least double its longer-dated bond buybacks, although the initial market relief quickly faded.
Bessent says the Treasury has a much larger “toolkit” available and is preparing a broader fiscal consolidation push. With US debt already surpassing $40 trillion, the bond market remains a major pressure point, and any further intervention could have significant implications across stocks, the dollar and crypto.
$TRUMP $BTC #BTC Price Analysis# #Treasury #Macro Insights#
President Donald Trump says Treasury Secretary Scott Bessent acted independently when the Treasury stepped up its bond buybacks this week, as rising yields continue to pressure US markets. Trump praised Bessent’s handling of the situation, calling him “very capable” and saying he has a natural touch with bonds and interest rates.
The move came as investors grew concerned over the US deficit, rising national debt, inflation and massive borrowing linked to the AI investment boom. Treasury plans to at least double its longer-dated bond buybacks, although the initial market relief quickly faded.
Bessent says the Treasury has a much larger “toolkit” available and is preparing a broader fiscal consolidation push. With US debt already surpassing $40 trillion, the bond market remains a major pressure point, and any further intervention could have significant implications across stocks, the dollar and crypto.
$TRUMP $BTC #BTC Price Analysis# #Treasury #Macro Insights#