US stock market: Bessent dismisses US bond market turmoil concerns, points to economic strength

U.S. Treasury Secretary Scott Bessent reassured markets by minimizing concerns over turbulence and debt. He emphasized that robust economic growth is boosting the country’s fiscal health. In defense of the Treasury's increased bond buyback initiative, Bessent pointed to larger international interventions as a valid reason for this approach. The expanded buyback operations are set to commence in September.