The Latest Breaking News from Scott Bessent

The bond market is sending CEOs a blunt message: Borrowing costs are going to go up

Also: All the news and watercooler chat from Fortune.

Fortune · Aug 21

Global Market: Eurozone bond yields edge lower after turbulent week in global debt markets

Eurozone bond yields eased Friday but remained set for weekly gains amid global bond-market stress, persistent inflation and fiscal concerns. Germany’s 10-year yield stood at 3.2445%. Rising oil prices and stronger ECB rate-hike expectations added pressure, with markets pricing over 90% odds of a September rate increase.

The Economic Times · Aug 21

Bessent vows bigger buybacks after bond yields erased the US Treasury's relief rally

Long-term US Treasury yields climbed back above where they stood before Wednesday's buyback announcement, wiping out the relief that move had briefly delivered, and prompting US Treasury Secretary Scott Bessent to signal that Washington is ready to intervene even more aggressively.

Euronews · Aug 21

Trump warns of 'economic D-Day' against Iran, but Tehran is well acquainted with sanctions

The Trump administration is intensifying economic pressure on Iran amid a protracted war. This strategy aims to force Tehran's capitulation on its nuclear program and the Strait of Hormuz. Treasury Secretary Scott Bessent threatened secondary sanctions on nations doing business with Iran. Experts debate whether this unprecedented economic campaign will…

The Economic Times · Aug 21

US urges allies and China to join Iran economic pressure campaign

The United States on Thursday urged allies and China to join its campaign to isolate Iran's economy, as President Donald Trump seeks to intensify pressure on Tehran amid a stalemate in the war and growing domestic criticism.

France 24 · Aug 21

Dollar wobbles as investors balk at US Treasury's rescue efforts

The dollar faced a decline on Friday, ending the week lower amid investor worries. Concerns arose over the U.S. Treasury's bond buyback, which many viewed as merely a stopgap. This situation heightened fears about government intervention affecting fiscal health. As a result, both the euro and sterling appreciated against the…

The Economic Times · Aug 21

Gold steadies, heads for third straight weekly gain

Gold prices maintained stability, closing in on a potential third consecutive weekly rise. The support came from a weaker dollar and Treasury measures aimed at reducing yields. Furthermore, a decrease in unemployment claims indicated a steady labor market, leading markets to expect that the Federal Reserve will likely hold interest…

The Economic Times · Aug 21

US to impose ‘toughest sanctions in history’ on Iran, Scott Bessent says

United States Treasury chief Scott Bessent announced unprecedented sanctions against Iran. These stringent measures aim to avoid significant new military operations. Oil prices surged following these threats of financial penalties. Iran condemned the sanctions as economic terrorism and vowed defiance. Details of the comprehensive sanctions package will be revealed next…

The Economic Times · Aug 21

Bessent's Plan To Increase The Amount Spent On Buybacks Of U.S. Debt Didn't Reassure Investors. Stocks Dropped.

Bessent said the accelerated buyback of government debt could be higher than the $4 billion announced on Wednesday.

International Business Times · Aug 20

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

Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs

The Independent UK · Aug 20