Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisisThe US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market.Scott Bessent, the treasury secretary, announced the US would buy back $6bn worth of government debt – treasuries – in an effort to alleviate a selloff in the US bond market that has put pressure on interest rates. Continue reading...

Around the world, rising bond yields reflect shifting expectations on how fast policymakers will raise interest rates.

In an interview, Italy’s hard-right leader reveals how pragmatism is reshaping her vision for Europe.

Government bond yields are hitting multi-decade highs, reflecting anxiety about debt levels, deficits and inflation. The effects will extend to mortgages, business loans and other types of credit.