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Story summary
- U.S. Treasury Secretary Scott Bessent expanded a debt-buyback after 10-year yields rose above 5%.
- The Federal Reserve (Fed) is expected to raise its policy rate 0.25 point to 3.75-4.00%.
- Fed Chairman Kevin Warsh signaled willingness to coordinate but rejected a direct bond-buying request.
- Warsh wants the Fed’s balance-sheet holdings, $6.7 trillion, smaller.
- Analysts say the Fed would buy bonds only in market-distress, which has not yet occurred.
