Bessent's bond intervention 'puzzling,' needs explanation: ex-official

InterviewFormer Treasury insiders split on merits of US-Japan joint yen buyingThe U.S. Treasury Department, led by Secretary Scott Bessent, has said it will at least double buybacks of long-dated Treasurys. © ReutersYOSHIKAZU IMAHORIAugust 29, 2026 00:21 JSTNEW YORK -- The U.S. Treasury has taken a hands-on approach to financial markets, joining Japan in a joint foreign exchange intervention for the first time in 15 years and announcing a big increase in purchases of long-term U.S. government bonds.