US Treasury Secretary Bessent said on Aug. 20 that officials will keep watching developments in the US Treasury market and then decide whether any additional action is needed. He said the focus should remain on fundamentals and added that the administration is working to keep the market balanced. Commenting on bond-market moves, Bessent also said changes within any 24-hour period amount to noise. The remarks were cited by BlockBeats in a brief market update.
US Treasury Secretary Bessent said on Aug. 20 that authorities will watch conditions in the US Treasury market and assess whether more action is needed.
Bessent said the focus should be on fundamentals, adding that "we are working to keep the market balanced."
On bond-market moves, he said any change within a 24-hour period is noise.
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