After markets taught US Treasury Secretary Scott Bessent a lesson about who really controls bond yield, Donald Trump unveiled the sort of electoral bribe that bond vigilantes will hate.

US 10-year Treasury yield hit 4.85%, a three-year high, after Scott Bessent's expanded buyback program failed to calm markets facing $40 trillion

Treasury Secretary Scott Bessent's planned Republican convention speech in Dallas is raising questions about how politics could affect market confidence in him.