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

NBC News•Wed, Sep 9, 2026, 04:33 PM•2 min read

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

Source: [NBC News](https://www.nbcnews.com/business/economy/bessent-treasury-bonds-repurchase-rcna596819)

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