Stocks, Bonds Fall as ‘Bessent Put’ Relief Fades: Markets Wrap

Stocks, Bonds Fall as ‘Bessent Put’ Relief Fades: Markets Wrap

Treasury expands buyback to $4bn+ to control yields, but 30-year yields hit 5.24% as markets price structural debt concerns. Rising borrowing costs squeeze startup funding and M&A valuations, signaling tighter capital allocation for tech ventures this quarter.