Bessent Plan May Be Short-Lived Remedy for Bond Slump

The global bond rally triggered by US Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt may prove short lived, with analysts citing persistent fiscal woes and sticky inflation globally. The global bond rally triggered by US Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt may prove short lived, with analysts citing persistent fiscal woes and sticky inflation globally.