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Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win

Source: nytimes October 4, 2026 · 11:33
Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win
From the publisher
The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.
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The New York Times

The New York Times (NYT) is a newspaper based in Manhattan, New York City. The New York Times covers domestic, national, and international news, and publishes opinion pieces and reviews. One of the longest-running newspapers in the United States, the Times serves as one of the country's newspapers of record. As of June 2026, The New York Times had 13.35 million total subscribers: 550,000 print and 12.8 million digital, both the highest numbers for any newspaper in the United States by a signific…

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