Wire report
Jumpy bond markets make it clear: Trump risks driving US into debt crisis | Heather Stewart
Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength “Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country’s debt mountain surpassed another bleak record. Yet Bessent’s decision to intervene in government bond markets in an effort to combat soaring yields belied his studied calm in TV interviews – and reignited fears the US may be on the road to a debt crisis. Continue reading...
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Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength “Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country’s debt mountain surpassed another bleak record. Yet Bessent’s decision to intervene in government bond markets in an effort to combat soaring yields belied his studied calm in TV interviews – and reignited fears the US may be on the road to a debt crisis. Continue reading...
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According to The Guardian’s source item, Jumpy bond markets make it clear: Trump risks driving US into debt crisis | Heather Stewart, Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength “Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country’s debt mountain surpassed another bleak record. Yet Bessent’s decision to intervene in government bond markets in an effort to combat soaring yields belied his studied calm in TV interviews – and reignited fears the US may be on the road to a debt crisis. Continue reading…
Context
The development sits in VINI’s Markets file for readers following markets, companies, finance, insurance, public policy, and economic signals. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-08-23T10:53:53+00:00.
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Primary source: Jumpy bond markets make it clear: Trump risks driving US into debt crisis | Heather Stewart via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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- Jumpy bond markets make it clear: Trump risks driving US into debt crisis | Heather StewartThe Guardian - 2026-08-23T10:53:53+00:00
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