U.S. Democratic Senator Elizabeth Warren has questioned Treasury Secretary Scott Bessent over the Treasury Department’s intervention measures in the U.S. government bond market, according to ChainCatcher. Warren asked for an explanation of how the department would fund Treasury repurchase operations by lowering its cash balance. She also pressed Bessent on the effect of rising long-term U.S. Treasury yields on consumer borrowing costs. The inquiry centers on two points raised in the report: the funding arrangement tied to a lower cash balance, and the pass-through impact that higher long-dated yields may have on financing costs faced by consumers.
U.S. Democratic Senator Elizabeth Warren has questioned Treasury Secretary Scott Bessent over the Treasury Department’s intervention measures in the U.S. Treasury market, according to ChainCatcher.
Warren asked how the department would fund Treasury repurchase operations by lowering its cash balance. She also questioned the impact of rising long-term U.S. Treasury yields on consumer borrowing costs.
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