CNBC Daily Open: The 'Bessent Bid' wears off

Treasury Secretary Scott Bessent said he could expand the bond buyback plan, but U.S. yields kept climbing despite the “extraordinary action.” The news signals that additional Treasury intervention may not yet be sufficient to arrest yield pressure, keeping the rate outlook cautious for markets.

Analysis

Treasury Secretary Scott Bessent said he could expand the bond buyback plan, but U.S. yields kept climbing despite the “extraordinary action.” The news signals that additional Treasury intervention may not yet be sufficient to arrest yield pressure, keeping the rate outlook cautious for markets.