@ChineseWSJ: US Treasury Secretary Bessent's latest efforts to control US long-term Treasury yields collapsed after just one day. 'It's like putting down a few sandbags after the flood has already broken out.' Some investors have begun to question whether they should consider selling some bonds in their portfolios and investing in other asset classes like gold or Bitcoin.
Summary
US Treasury Secretary Bessent's efforts to control long-term Treasury yields failed within a day, prompting investors to consider shifting to gold or Bitcoin.
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Cached at: 08/21/26, 03:21 PM
The latest efforts by U.S. Treasury Secretary Bessent to control long-term Treasury yields collapsed after just one day. “This is akin to placing a few sandbags after a flood has already broken.” Some investors have begun questioning whether they should consider selling part of the bonds in their portfolios and shifting to other asset classes like gold or Bitcoin. https://t.co/CYEBZU7t4U
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