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.
They are buying the bonds because the damn rate is so high, who doesn't want guaranteed money from higher interest rates. Problem in that our government can't afford to pay all the interest on our debt at these high rates
Sep 16, 2026 · 1:02 PM UTC