Scott Bessent fails to break ‘fever’ in US bond market

Scott Bessent has failed to break the current fever within the US bond market. Investors warn that the Treasury secretary's bond operation, valued at $6bn, is insufficient to stem the recent surge in borrowing costs. This development highlights the ongoing volatility in the financial sector as the administration attempts to stabilise the market. The situation remains a primary concern for traders monitoring the effectiveness of these specific fiscal interventions and their impact on overall borrowing rates.