Scott Bessent is trying to stabilize America’s debt market as a major buyer pulls back: Chart of the Day - Yahoo Finance
US Treasury Secretary Scott Bessent is attempting to stabilize the bond market as rising Japanese interest rates incentivize Japanese investors to pull capital out of US Treasurys. This shift threatens to increase borrowing costs for the US government and consumers.
Why it matters
The potential withdrawal of Japan as a major buyer of US debt could trigger a liquidity crisis and force higher interest rates across the American economy.
The bond market is back in the danger zone — here's what could make it worse: Chart of the Day Jared Blikre Thu, September 3, 2026 at 6:00 AM EDT 3 min read ^TYX -0.17% JPY=X +0.16% The bond market is on shaky ground again. US Treasury Secretary Scott Bessent is trying to keep one of America's biggest foreign debt buyers from making it worse.
Long-term US yields are near multi-decade highs, pushing up mortgage and corporate borrowing costs and threatening stocks . Bessent already doubled long-term Treasury buybacks last month, but the US 30-year yield ( ^TYX ) has climbed back toward its highest level since 2007.
Go deeper with AlphaSpace 5.23 -0.01 (-0.17%) As of 12:00:24 PM CDT. Market Open. Now another potential pressure point is emerging from Japan, the largest foreign holder of US government debt, with about $1.1 trillion of Treasurys.
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