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Why Treasury Secretary Bessent's moves to calm the bond market haven't worked so far
Summary by The San Antonio Editorial Desk Christopher Rugaber And Stan Choe, Associated Press , as published by KSAT 12 (ABC affiliate)
· August 20, 2026
· 1 min read
Photo: KSAT 12 (ABC affiliate) · view original
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Summary created by The San Antonio Editorial Desk — automated, rule-governed Byline on source page Christopher Rugaber And Stan Choe, Associated Press, as published by KSAT 12 (ABC affiliate) Original story Read at the source Source published Aug 20, 2026 Indexed here Aug 20, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
Every story comes with a passport. How we work · Corrections log
Key points Further information on the program and its intended effects is available, including comments from the Treasury Secretary on a financial news network. The yield on a key benchmark rose to 4.
Treasury Secretary Scott Bessent's actions have not yet eased concerns about government debt and inflation. The yield on a key benchmark rose to 4.69% after an initial drop. This benchmark is closely tied to mortgage rates.
A bond buyback program is set to be expanded, with the goal of reducing the supply of certain bonds and increasing their prices.
Further information on the program and its intended effects is available, including comments from the Treasury Secretary on a financial news network.
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KSAT 12 (ABC affiliate) reported and published this story. The San Antonio selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by KSAT 12 (ABC affiliate) . The San Antonio selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: News Published: August 20, 2026 Source: KSAT 12 (ABC affiliate) Reading time: 1 min
Frequently asked about this story
What is this story about? Treasury Secretary Scott Bessent's actions have not yet eased concerns about government debt and inflation. The yield on a key benchmark rose to 4.69% after an initial drop. This benchmark is closely…
When was this published? This article was first published on August 20, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Christopher Rugaber And Stan Choe, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
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