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Treasuries gain as Bessent and Warsh set to provide direction

Gaining traction — growing article coverage and momentum.

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▲ 3.0
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AI Overview

What happened: U.S. Treasury prices surged on Tuesday, with the 10-year yield dropping to 3.45%, as crude oil prices extended their nosedive. Market participants anticipate potential direction-setting remarks this week from U.S. Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh.

Market impact: The rally in treasuries, driven by safe-haven demand and falling oil prices, negatively impacted energy sector stocks. Oil-sensitive companies like ExxonMobil and Chevron saw their shares decline. Meanwhile, bond yields fell, benefiting fixed-income investors.

What to watch next: On Thursday, Kevin Warsh is set to speak at the Jackson Hole Economic Symposium, where his remarks on inflation and monetary policy could influence bond yields and the broader market. Additionally, investors await Scott Bessent's testimony before the Senate Banking Committee on Wednesday for further insights into the U.S. Treasury's stance on fiscal policy.
AI Overview as of Aug 25, 2026

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First SeenAug 25, 2026
Last UpdatedAug 25, 2026