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Treasury shifts tactics aimed at lowering borrowing costs

The report says Treasury Secretary Scott Bessent is pursuing a more hands-on approach in the bond market to influence interest rates.

Reported · Written up by our desk · Central Banks

The New York Times Business reports that Treasury Secretary Scott Bessent is taking steps to make the Treasury’s role in the bond market more interventionist, with the goal of lowering interest rates.

The piece frames the move as a reinvention of how the government operates in what it describes as the world’s most important bond market.

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