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Bessent moves to curb Treasury yields, putting new pressure on Warsh's Fed
Posted
August 20, 2026
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1:36Now PlayingTreasury said it would increase buybacks of long-term debt after a selloff pushed yields to uncomfortable levels.
The move aligns with Treasury Secretary Scott Bessent’s long-running focus on lowering the 10-year Treasury yield. He may also be complicating the work of his counterpart at the Federal Reserve, Chairman Kevin Warsh.
CNBC's Steve Liesman has the details.
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