Never doubt the power of the $30 trillion US Treasury market. It was robust enough to push back on the Treasury Department’s recent intervention while captivating Wall Street. Now investors are wondering whether the bond market’s unease is strong enough to disturb a booming stock market.

Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength

The US is scooping up treasury bonds in an effort to raise their price and push yields down – but it’s not working