# Bessent’s effort to cool rising rates backfires as bond yields surge and stocks tumble

https://mins.news/en/item/51694

- NBC News, 2026-09-09 16:33 UTC
- Economy
- Original: https://www.nbcnews.com/business/economy/bessent-treasury-bonds-repurchase-rcna596819

> Treasury Secretary Scott Bessent’s latest effort to cool what he called the market’s “fever” backfired, triggering a sharp sell-off in bonds and a slide in stocks.

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