The Treasury’s bond-market intervention isn’t working. So what comes next?
Summary
You can’t just sweep $40 trillion in U.S. national debt under a rug and forget about it — or so the bond market appears to be telling Treasury Secretary Scott Bessent.
Discussion on
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Secretary of the Treasury Scott Bessent said the free market is mispricing long-term bond yields. So he wants to use the superior judgment and power of central government planners to correct the mistakes of capitalism. Good thing we didn't elect a Democratic Socialist president.
— Peter Schiff (@PeterSchiff) August 20, 2026
You are not watching the bond market closely enough.
— The Kobeissi Letter (@KobeissiLetter) August 22, 2026
President Trump is now threatening that the US Military could be utilized for further intervention to lower US Treasury yields.
"The ultimate intervention is our military, and if we have to use that we will."
Watch bonds. pic.twitter.com/4fbOOQFYRz
No cost-cutting. No spending cuts. Scott Bessent says the U.S. will simply have to “grow our way out” of $40 trillion in debt. It’s over. pic.twitter.com/cLkeoAF9qO
— Glenn Diesen (@Glenn_Diesen) August 22, 2026
JUST IN: Trump says US might use "military intervention" in the bond market
— Kalshi (@Kalshi) August 22, 2026
Reporter to Trump on the bond market: The yields have come back up since then. Have you talked to Bessent about another type of intervention.?
— unusual_whales (@unusual_whales) August 22, 2026
Trump: The ultimate intervention is our military. And if we have to use that, we will.