# Wall Street Is Skeptical Bessent's Bond Market Move Will Do Much, but He Says the Market Has 'Bad Information'

> Analysts doubt Treasury Secretary Scott Bessent's expanded bond buybacks will meaningfully change the market's trajectory, but Bessent insists he is working with information investors do not have, according to Fortune.

- Source: Money Standard
- Canonical URL: https://moneystandard.co.uk/article/wall-street-skeptical-of-bessent-bond-market-intervention
- Author: Money Standard Newsroom
- Section: Markets
- Published: 2026-08-20T07:39:36.783Z
- Updated: 2026-08-20T07:39:36.783Z
- Tags: Treasury Secretary

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Wall Street strategists are broadly skeptical that Treasury Secretary Scott Bessent's stepped up bond buybacks will move the needle much, with analysts at BNP Paribas telling clients the measures are unlikely to offset either fading confidence in the Federal Reserve or rising expectations for interest rates, Fortune reported. Long dated Treasury yields have eased only modestly since the announcement and remain historically elevated.

Bessent, for his part, dismissed the doubters in a CNBC interview, saying the market is working off bad information while he has access to what he called asymmetric information. He suggested traders should ask themselves why the Treasury would coordinate with Japan on the intervention unless officials knew something the market did not, adding that thin August trading has left the market a little ahead of itself.

The move sits awkwardly next to the Federal Reserve's own posture. New Fed Chair Kevin Warsh has argued that a degree of tightening at the long end of the yield curve helps the central bank read market signals, roughly the opposite of what Bessent is now trying to engineer by capping those yields. Bessent said the Treasury would coordinate with the Fed on any changes to its balance sheet runoff, which Warsh has also signaled he wants to shrink.

Despite the apparent tension, Fortune noted that Bessent and Warsh have kept up a standing weekly breakfast or lunch, and Warsh has been careful to say the independent Fed should stay out of the Treasury's territory. He told Congress last month that the Fed's credibility erodes when it strays into another branch's lane or fails to follow through on its own commitments.

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Originally published by Money Standard. Free to cite with attribution and a link to https://moneystandard.co.uk/article/wall-street-skeptical-of-bessent-bond-market-intervention.