economy
US long-term bonds slide as Treasury secretary Bessent’s intervention fails to soothe investors
Yield on 30-year Treasuries rises despite move to ‘at least double’ purchases of securities
TL;DR
- US long-term bonds have slid significantly.
- The yield on 30-year Treasuries has risen.
- Treasury Secretary Bessent announced plans to "at least double" purchases of securities.
- Investor sentiment did not improve following the announcement.