u.s. treasury

Aug. 20 intervention targets duration compression at long end of curve as yields near two-decade peaks

Treasury Secretary Scott Bessent's yen intervention and signals of potential long-bond sale reductions aim to pull U.S. long-term rates off a 19-year high.

Treasury Secretary Scott Bessent confirmed issuance sizes for coupon and floating-rate notes will remain unchanged for several quarters, rebuffing Wall Street calls for more long-dated supply.

President Trump confirmed the U.S. Treasury purchased between $5 billion and $10 billion in Japanese yen in a coordinated move with Japan's finance ministry to counter yen weakness.