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Why Treasury Secretary Bessent's moves to calm the bond market haven't worked so far

Why Treasury Secretary Bessent's moves to calm the bond market haven't worked so far
Photo: KSAT 12 (ABC affiliate) · view original

Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs, a sign Wall Street investors remain worried about burgeoning government debt, heavy borrowing by tech firms, and the Federal Reserve's commitment to fighting inflatio...

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