Monday, 24 August 2026 Newsarchy UK live index
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Federal deficit

Scott Bessent's Treasury bond intervention fails as yields stay high

Scott Bessent's Treasury bond intervention fails as yields stay high

Despite doubling its monthly bond buybacks to $4 billion, the U.S. Treasury failed to curb long-term yields as 30-year rates returned to 5.28%.

Business ·24 Aug 2026, 17:33 ·Maeve Turner 5 min read