Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far

Aug. 20, 2026 By CHRISTOPHER RUGABER and STAN CHOE AP Business Writers WASHINGTON (AP) — Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs, a sign Wall Street investors remain worried about burgeoning government debt, heavy borrowing by tech firms, and the Federal Reserve’s commitment […]