Trump Treasury secretary set off Wall St. revolt he can't control

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1. 1h ago

   Treasury Secretary Scott Bessent Triggers Uncontrollable Wall Street Bond Revolt

   Treasury Secretary Scott Bessent faces an escalating bond market revolt after declaring during a September 8 speech at Southern Methodist University that he is the house now. Financial markets rejected the stance, driving a persistent bond sell-off that pushed the 10-year U.S. Treasury yield to 5.19 percent. Commentators point out that the U.S. bond market is refusing to buy what Bessent is selling, signaling that the Trump administration lacks control over market volatility and raising broader concerns regarding ongoing economic policies.

   Why it matters

   The clash between the Treasury Department and financial markets highlights mounting tension over U.S. fiscal management under the current administration. While President Donald Trump won election largely due to voter confidence in his business background, critics argue that recent economic decisions and aggressive statements toward global financial institutions are straining market confidence. Meanwhile, the Federal Reserve, Bank of Japan, and European Central Bank continue to chart independent monetary courses.

   What is confirmed

   • During a speech at Southern Methodist University in Texas on Tuesday, September 8, Treasury Secretary Scott Bessent told the bond market, I am the house now.
   • The 10-year U.S. Treasury yield hit 5.19 percent amid an ongoing bond sell-off.

   Still unconfirmed

   • Experts and analysts warn that administration policies are driving the U.S. toward a potential recession.

   What to watch next

   • Further movements in the 10-year U.S. Treasury yield and broader bond market stability.
   • Any official response from Treasury Secretary Scott Bessent or the Trump administration regarding the bond sell-off.
   Sources used for this update (14)

   1. Jacobin — Treasury Market Volatility Is Capital Disciplining the State
   2. Alternet — Trump Treasury secretary set off Wall St. revolt he can't control
   3. MS NOW — Opinion | The U.S. bond market isn’t buying what Scott Bessent is selling
   4. The Washington Post — Opinion | Bond markets are a canary. Trump isn’t listening.
   5. South China Morning Post — Opinion | Bad money decisions are coming home to roost for the US and Japan
   6. The American Conservative — As Bessent Muscles Bank of Japan, the Fed and European Central Bank Set Their Own Courses
   7. Yardeni QuickTakes — US MARKETS CALL: Invasion Of The Bond Vigilante Algorithms
   8. michaelharrison.org.uk — An alternative view of the world – 2026 – updated September 25
   9. www.alternet.org — Trump Treasury secretary set off Wall St. revolt he can't ...
   10. flipboard.com — Trump Treasury secretary set off Wall St. revolt he can't control
   11. www.alternet.org — Geraldo tears apart Trump’s media ban —and points out one 'appalled' irony - Alternet.org
   12. www.cerritosnewspaper.com — Trump Treasury secretary set off Wall St. revolt he can't ...
   confidence 90%