World

Wall Street is bracing for a major shift in how the U.S. borrows money

(Bloomberg) -- After Treasury Secretary Scott Bessent surprised dealers with his willingness to intervene in the bond market to drive down yields in recent months, Wall Street is now girding for the biggest revamp in guidance for US Treasuries issuance since early 2024. Most Read from Bloomberg Ray-Ban Heir Rejects $3.9 Billion Offer for Stake in Family Firm WSJ Wins Dismissal of Trump's $10 Billion Defamation Suit Valero to Buy, Restart Idled Texas Refinery as Fuel Rallies Apple Overtakes Nvidi