# Bessent moves to calm bond market as yields hit 19-year high 2026-08-09T20:45:43+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet US Treasury Secretary Scott Bessent has taken several steps in the past week to stem rising bond yields, including intervening in currency markets to support the Japanese yen for the first time since 1998 and altering the language on future debt sales to signal a possible reduction in long-term issuance. Long-term US interest rates recently hit their highest level in 19 years. Bessent's moves come as inflation remains above target for five years, and the US runs nearly $2 trillion in annual deficits. A BMO survey found 61% of investors now expect a decrease in 30-year Treasury auction sizes. Bessent also defended new Fed chairman Kevin Warsh, saying investors need a 'detox' from constant Fed commentary. ## Coverage - hindustantimes.com Tags: bond yields, Federal Reserve, inflation, Scott Bessent, Trump, US Treasury Canonical: https://indianopinion.org/bessent-moves-to-calm-bond-market-as-yields-hit-19-year-high/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bessent-moves-to-calm-bond-market-as-yields-hit-19-year-high/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.