BREAKING: Rep. Jim Himes asks Bessent how his bond intervention was "successful" when the 10-year yield rose 20 basis points afterward.
Bessent says things would have been worse without it.
He says the two best Treasury auctions in 20 years happened right after, calling the US the best performing bond market in the developed world since Trump took office.
This was a genuinely helpful read. The key levels were explained clearly, which reminds me of some of the discussions from @kevincdietz.
Sep 15, 2026 · 3:50 PM UTC