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Behind Bessent Moves, Wall Street Sees Bond-Market Angst
News August 10, 2026 at 09:49 AM
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What You Need To Know
- He's taken steps to ease pressure on the Treasury market after long-term rates surged to a 19-year high.
- But with government spending and the war with Iran, it’s "going to be hard to relieve pressure on the long end,” said BNY's John Velis.
- More than anything, evidence that inflation is back under control will be needed to convince bondholders to lend at lower rates.
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