Bond Yields Rise Despite Treasury Efforts to Curb Borrowing Costs - WSJ

Bond Yields Rise Despite Treasury Efforts to Curb Borrowing Costs  WSJ

The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.

Concerns over the Treasury Department's debt repurchase program continue to weigh on markets.

Welcome back to the City AM liveblog. The FTSE 100 is set to open slightly higher after fresh research showed consumer confidence has risen to its highest level in nearly two years. The GfK consumer confidence index – which polls households on the way they view their finances and economic outlook – jumped three points…