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Bessent’s move to tamp down rising rates backfires, as bond yields jump and stocks tumble

Bonds sharply sold off and stocks after Treasury Secretary Scott Bessent’s latest effort to tamp down what he called market “fever” backfired.

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By Unscrolled
September 9, 2026 · 4:33 PM · 1 min read
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Bessent’s move to tamp down rising rates backfires, as bond yields jump and stocks tumble

Bonds sharply sold off and stocks after Treasury Secretary Scott Bessent’s latest effort to tamp down what he called market “fever” backfired.

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