Bessent's MANIPULATION Of The Bond Markets Just BACKFIRED

Despite United States Secretary of the Treasury Scott Bessent's best efforts, the sell-off of government bonds intensified. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Do you agree with TYT's take? Tell us what you think in the comments below.

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"A global sell-off in government bonds intensified on Tuesday, pushing borrowing costs in some of the world’s largest economies to the highest levels in decades. The moves threaten to ripple through a wide range of debt, including business loans and mortgages for already-stretched consumers.

A combination of factors are prompting investors to demand higher returns to hold government debt: a flood of borrowing by the world’s richest nations, expanding budget deficits, persistent inflation and few signs that countries are able or willing to take steps to improve these conditions."

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