Trading Day: Tech, tariffs & Treasuries

ORLANDO, Florida, Aug 24 : U.S. bond yields fell and tech weighed on U.S. stocks on Monday, as investors digested a raft of economic measures and developments coming out of Washington: U.S. Treasury's plans to increase buybacks of long-dated bonds, new 'economic D-Day' sanctions to isolate Iran, and the threat of new tariffs on Canada. In my column today, I look at whether U.S. Treasury Secretary Scott Bessent faces a credibility problem. The evidence is mounting — the Treasury's recent surprise FX and bond market interventions have unnerved investors, and by Bessent's own stated goals of reducing the deficit and lowering bond yields, he is falling short. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.1. US unveil