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Bloomberg

Bessent’s Bond Maneuvers Giving Global Debasement Trade New Life

Friday, August 21, 2026


Treasury Secretary Scott Bessent announced measures aimed at reducing US borrowing costs. Long-term Treasury yields declined temporarily before reversing. Following the announcement, the dollar weakened while gold and Bitcoin prices increased, according to market data.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-21/bessent-s-bond-maneuvers-giving-global-debasement-trade-new-life

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