https://www.live-feeds.com/feed/bessent-fails-to-shock-and-awe-the-bond-marketContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bessent-fails-to-shock-and-awe-the-bond-markethttps://www.live-feeds.com/feed/bessent-fails-to-shock-and-awe-the-bond-market#u65078Fri, 11 Sep 2026 12:25:25 +0000Treasury Secretary Scott Bessent attempted to rein in rising borrowing costs with a $6 billion buyback plan, declaring to foreign exchange traders that he is now the house. Instead of shocking and aweing the market, the intervention failed to placate edgy investors. Bond yields climbed following the announcement, pushing 10-year Treasury yields to a multiyear high. The market reaction quickly bled into broader financial sectors, causing mortgage rates to jump as traders won the first round in a high-stakes yield showdown against the Treasury.Why it mattersThe clash centers on the federal gover