U.S. Democratic Senator Elizabeth Warren on Oct. 7 sent a series of questions to Treasury Secretary Scott Bessent over what she described as the Treasury Department’s "unprecedented and disorderly" intervention in the U.S. Treasury market. Warren asked Bessent to explain how the department plans to fund Treasury buybacks by reducing its cash balance and what steps it intends to take to push down long-term Treasury yields. She also asked whether the Treasury has assessed the impact of rising long-term Treasury yields on consumer borrowing costs, including auto loans and home mortgage rates. The inquiry centers on the Treasury’s recent actions in the government bond market and their potential spillover into household financing conditions.
BlockBeats reported on Oct. 7 that U.S. Democratic Senator Elizabeth Warren sent a series of questions to Treasury Secretary Scott Bessent over what she called the Treasury Department’s "unprecedented and disorderly" intervention in the U.S. Treasury market.
Warren asked Bessent to explain how the Treasury plans to fund Treasury buybacks by lowering its cash balance, and what measures it intends to take to bring down long-term U.S. Treasury yields.
She also asked whether the department has assessed the effect of higher long-term Treasury yields on consumer financing costs, including auto loans and home mortgage rates.
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