September 12th 2026 The truth and the lies about Islam in Europe Unlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters Unlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters T heodore Roosevelt’s injunction to speak softly and carry a big stick has rarely felt more apt. In mid-August Scott Bessent, America’s treasury secretary, announced with great bluster that he would beef up his department’s scheduled buybacks of its long-dated debt. On September 9th the Treasury offered to repurchase up to $6bn-worth of its bonds; on September 24th, and near-weekly thereafter, it plans to buy back tranches worth up to a maximum amount “= or > $4bn”.
Mr Bessent says he aims to “push things back towards equilibrium”—meaning to lower his government’s borrowing costs. The Economist invites applications for the Marjorie Deane internship Surging bond yields presage pain—and not just for bond investors Stubborn inflation, corporate demand for capital and big public debts are squeezing holders of government bonds To enhance your experience and ensure our website runs smoothly, we use cookies and similar technologies. Registered in England and Wales.
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