Bessent had warned about the US dollar's decreasing role in global transactions and the rise of alternative currencies like gold and Bitcoin.

In a CNBC exclusive, U.S. Treasury Secretary Scott Bessent says he could expand a bond buyback plan, but yields march higher despite the extraordinary action.

If US bonds become less attractive to investors, related investment inflows may be limited. Read more at straitstimes.com. Read more at straitstimes.com.

The US Treasurys expanded bond-buyback programme has raised concerns that efforts to contain long-term borrowing costs could pressure the dollar. Rising yields, fiscal deficits…