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Bessent Gets a Warning on Deficits From the Bond Market

Bloomberg Markets Friday 14 August 2026, 10:10 UTC By Phil Serafino 1 min read
Key Points

Bessent Gets a Warning on Deficits From the Bond Market Auction results in highest 30-year yield since 2001. This article is for subscribers only. The bond market’s message to Scott Bessent couldn’t be clearer: If you want financing for the growing US deficit, you’re going to have to pay up.

Bessent Gets a Warning on Deficits From the Bond Market Auction results in highest 30-year yield since 2001. This article is for subscribers only. The bond market’s message to Scott Bessent couldn’t be clearer: If you want financing for the growing US deficit, you’re going to have to pay up. The US sold $25 billion of 30-year bonds yesterday at 5.216%, the highest interest rate in a quarter century. The sale, which was met with decent demand, follows the 10-year auction a day earlier that drew the highest financing cost at that tenor since 2007.
Bessent Gets (PERSON) the Bond Market Auction (ORG) Scott Bessent (PERSON) US (LOCATION)
Originally published by Bloomberg Markets Read original →

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