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Bessent Skips IMF, World Bank Meetings as Yields Hit 25-Year High

By Drooid · Oct 10, 2026, 6:13 AM UTC · How we work

Summary

Story summary

U.S. Treasury Secretary Scott Bessent will skip the IMF and World Bank meetings in Bangkok.
Deputy Treasury Secretary Francis Brooke and Under Secretary Erin Browne will lead the U.S. delegation.
Benchmark U.S. Treasury yields have risen to their highest level in nearly 25 years.
A prolonged Middle East energy shock has slowed global economic growth.
U.S. officials will press for greater transparency and effective sovereign-debt approaches at the meetings.

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Story summary

U.S. Treasury Secretary Scott Bessent will skip the IMF and World Bank meetings in Bangkok.
Deputy Treasury Secretary Francis Brooke and Under Secretary Erin Browne will lead the U.S. delegation.
Benchmark U.S. Treasury yields have risen to their highest level in nearly 25 years.
A prolonged Middle East energy shock has slowed global economic growth.
U.S. officials will press for greater transparency and effective sovereign-debt approaches at the meetings.