{"id":2825,"date":"2026-08-20T18:10:39","date_gmt":"2026-08-20T18:10:39","guid":{"rendered":"https:\/\/modernhomejournals.com\/?p=2825"},"modified":"2026-08-20T18:10:39","modified_gmt":"2026-08-20T18:10:39","slug":"treasury-doubles-down-on-its-plan-to-stabilize-financial-markets","status":"publish","type":"post","link":"https:\/\/modernhomejournals.com\/?p=2825","title":{"rendered":"Treasury Doubles Down on Its Plan to Stabilize Financial Markets"},"content":{"rendered":"<div>\n<div>\n<\/div>\n<div>\n<p>The Trump administration\u2019s attempts to stabilize financial markets fizzled on Thursday, leading Treasury Secretary Scott Bessent to suggest that a greater intervention may be on the way.<\/p><p>Read more <a href=\"https:\/\/modernhomejournals.com\/?p=2823\">Lawmakers Sound the Alarm After Leadership Shake-up at Military Newspaper<\/a><\/p><p>The Trump administration will announce plans in the coming days to potentially increase the $4 billion program to buy back government bonds from investors he first proposed yesterday, Bessent said Thursday.<\/p>\n<p>The Trump administration\u2019s initial plan to tamp down investor return rates didn\u2019t work, with yields rebounding to uncomfortable highs on Thursday morning. The administration indicated it is planning to double down on the buyback program.<\/p><p>\u201cWe\u2019re going to increase the size of the buyback,\u201d Bessent said on CNBC on Thursday morning. \u201cWe believe that the yields don\u2019t reflect the underlying fundamentals.\u201d<\/p>\n<section>\n<div>\n<h2>\n<span>Trending<\/span>\n<\/h2>\n<\/div>\n<div>\n<div>\n<ul>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"President Donald Trump speaks during an event.\" class=\"wp-image-2801\" height=\"512\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/e29357cb00c40556ddb56274f303e1bc-768x512.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/e29357cb00c40556ddb56274f303e1bc-768x512.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/e29357cb00c40556ddb56274f303e1bc-300x200.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/e29357cb00c40556ddb56274f303e1bc.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      Trump\u2019s Allies Want to Know the Plan in Iran \u2014 If There Is One\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"AP 26156030555794\" class=\"wp-image-2621\" height=\"512\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/87a077dfcb70d7ca573eaa666531da14-768x512.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/87a077dfcb70d7ca573eaa666531da14-768x512.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/87a077dfcb70d7ca573eaa666531da14-300x200.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/87a077dfcb70d7ca573eaa666531da14.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      The \u2018Body Guy Caucus&#8217;: The Lives of the Men and Women Paid to Shadow Senators\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"Rep. Mike Haridopolos\" class=\"wp-image-2752\" height=\"512\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/304aa5452b079e0ce295ee9e08d7ce19-768x512.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/304aa5452b079e0ce295ee9e08d7ce19-768x512.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/304aa5452b079e0ce295ee9e08d7ce19-300x200.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/304aa5452b079e0ce295ee9e08d7ce19.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      Cory Mills\u2019 Downfall Came From Inside the House\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<li>\n<div>\n<div>\n<div>\n<div>\n<picture>\n<img decoding=\"async\" alt=\"Byron Donalds\" class=\"Image\" data-image-size=\"standardStory\" height=\"220\" loading=\"lazy\" src=\"https:\/\/static.notus.org\/dims4\/default\/abb457c\/2147483647\/strip\/true\/crop\/1861x1241+0+0\/resize\/330x220!\/quality\/90\/?url=https%3A%2F%2Fk2-prod-aji.s3.us-east-1.amazonaws.com%2Fbrightspot%2F70%2F8d%2F15e100c54996a7cf2ed6b77cb51f%2Fbyrondonalds.png\" srcset=\"https:\/\/static.notus.org\/dims4\/default\/abb457c\/2147483647\/strip\/true\/crop\/1861x1241+0+0\/resize\/330x220!\/quality\/90\/?url=https%3A%2F%2Fk2-prod-aji.s3.us-east-1.amazonaws.com%2Fbrightspot%2F70%2F8d%2F15e100c54996a7cf2ed6b77cb51f%2Fbyrondonalds.png 1x,https:\/\/static.notus.org\/dims4\/default\/276f3df\/2147483647\/strip\/true\/crop\/1861x1241+0+0\/resize\/660x440!\/quality\/90\/?url=https%3A%2F%2Fk2-prod-aji.s3.us-east-1.amazonaws.com%2Fbrightspot%2F70%2F8d%2F15e100c54996a7cf2ed6b77cb51f%2Fbyrondonalds.png 2x,https:\/\/static.notus.org\/dims4\/default\/51f8ad5\/2147483647\/strip\/true\/crop\/1861x1241+0+0\/resize\/990x660!\/quality\/90\/?url=https%3A%2F%2Fk2-prod-aji.s3.us-east-1.amazonaws.com%2Fbrightspot%2F70%2F8d%2F15e100c54996a7cf2ed6b77cb51f%2Fbyrondonalds.png 3x\" width=\"330\"\/>\n<\/picture>\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      Rep. Byron Donalds Received Mercy After Two Arrests. Now, He\u2019s Making Sentences Tougher For D.C. Youth.\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n<p>Bessent added that the Trump administration will soon announce an \u201cincreased focus on fiscal consolidation,\u201d a debt- and budget-slashing effort that will involve President Donald Trump and Office of Management and Budget Director Russell Vought.<\/p><p>Elon Musk\u2019s DOGE commission, which led to sweeping federal workforce reductions and put billions of dollars in grants on hold, failed to hit its debt-reduction targets. Inflationary pressures driving <span><u>bond market volatility<\/u><\/span> appear unlikely to subside as Trump ratchets up pressure on Iran and threatens the adversary with <span><u>\u201ceconomic warfare.\u201d<\/u><\/span><\/p><p>Bessent attempted to assuage concerns about inflation on Thursday, saying the U.S. \u201cwill get on the other side\u201d of the war in Iran and calling government expenditures on factories, equipment and farms an \u201cinvestment in the future,\u201d rather than government spending. He expressed optimism that tariff refunds winding down and an increase in the tax base will help balance the government\u2019s costs and revenue.<\/p><p>\u201cThink of it as pulling back the slingshot here. We have a lot of potential energy that will turn into kinetic energy during this year,\u201d Bessent said, adding that \u201cthere\u2019s a very good chance\u201d the U.S. has already seen the peak that the federal deficit will reach during this administration.<\/p>\n<p>The Trump administration will hold a press conference Monday to discuss next steps on inflation, he said.<\/p><p>Yields had cratered on Wednesday following the Treasury\u2019s announcement of an expanded buyback operation, which will take billions of dollars of government debt off the market and free up capital for investors anxious about the government\u2019s ability to repay.<\/p><p>That progress came undone Thursday morning. Yields neared or exceeded the high bond rates that have plagued markets over the past several weeks and sparked fears of an approaching crisis. High yields mean higher borrowing costs for everyday Americans and businesses.<\/p><p>Economists expressed skepticism that the Treasury\u2019s buyback tactic will solve the big-picture issues in the bond market, including inflationary pressures from Trump\u2019s war in Iran and trade policy, as well as the rapid buildout of artificial intelligence.<\/p><p>Read more <a href=\"https:\/\/modernhomejournals.com\/?p=2821\">Judge Hands Republicans a Big Win in Missouri Redistricting Case<\/a><\/p><p>\u201cThe market was perhaps reacting yesterday positively to signs that certain markets are going to have more liquidity, but today the markets have incorporated information and understand the long-term drivers of bond prices and yields have not changed,\u201d said Judge Glock, the research director at the conservative Manhattan Institute.<\/p><p>\u201cAbsent some incredible change at the Federal Reserve or absent some incredible change in Congress that actually starts to reduce the federal deficit, those longer-term drivers likely will not change,\u201d Glock added.<\/p>\n<p>Economists who spoke with NOTUS on Thursday said an increased buyback program is not going to meet the bar for tempering the market\u2019s volatility.<\/p><p>\u201cIf we\u2019re talking about kind of more permanently anchoring and lowering long-term bond yields, I think it\u2019s going to be quite ineffective,\u201d said Alex Jacquez, a senior vice president at the left-leaning Groundwork Collaborative. \u201cThe market is incredibly right to be worried about what the president is going to do day-to-day.\u201d<\/p><p>Jared Bernstein, a senior fellow at the left-leaning Center for American Progress who served as President Joe Biden\u2019s chief economic adviser, said before Bessent\u2019s Thursday remarks that an increased buyback \u201cwill do more harm than good, will smack of desperation, and will spook markets.\u201d<\/p><p>However, the U.S.\u2019s fiscal issues are deepening as the bond market grows increasingly unruly for the Trump administration. The national debt <span><u>surpassed $40 trillion<\/u><\/span> for the first time on Wednesday.<\/p><p>\u201cThere\u2019s nothing magic about the 40 trillion number, and we can grow our way out of that,\u201d Bessent said.<\/p><p>The 30-year U.S. Treasury bonds dipped more than 10 basis points to as low as 5.183% in the hours after Bessent\u2019s announcement Wednesday. It recovered 7 basis points at its highest point Thursday morning.<\/p><p>Yields over the past month have surpassed those during the 2007 financial crisis, leading Trump to blame high interest rates. The president has repeatedly called for the Fed to slash rates and pressured the previous Fed chair, Jerome Powell to get it done.<\/p><p>\u201cWe have interest rates that are artificially \u2014 they\u2019re actually artificially high,\u201d Trump told reporters Wednesday. \u201cThey raise them for no reason, and you can\u2019t go out to the market when you have a Fed that\u2019s raising interest. You can\u2019t say, \u2018I want to pay 3 points less than what the Fed says you\u2019re supposed to be paying.\u2019\u201d<\/p><p>Read more <a href=\"https:\/\/modernhomejournals.com\/?p=2819\">Top DHS Lawyer\u2019s \u2018Worst of the Worst\u2019 Judges List Lands Him in Hot Water<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The bond markets rebounded to uncomfortable highs just a day after the Treasury Department announced a $4 billion buyback plan.<\/p>\n","protected":false},"author":1,"featured_media":2824,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-2825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Treasury Doubles Down on Its Plan to Stabilize Financial Markets - 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