US Treasury Secretary Scott Bessent to hold press conference on Monday

Reuters | August 22, 2026 | 11:03 AM IST | Breaking News, Politics, World | Follow on Google News

US Treasury Secretary Scott Bessent to hold press conference on Monday

WASHINGTON, Aug 21 (Reuters) – U.S. Treasury Secretary Scott Bessent will hold a press conference on Monday, ​according to a statement, after the U.S. ‌warned of more sanctions against Iran and took steps to try to lower long-dated Treasury bond ​yields.

• The press conference, which will be ​held at the Treasury Department at 2 ⁠p.m. ET (1800 GMT), comes after Bessent this ​week said he would give details on ​Monday of planned sanctions against Iran
• U.S. President Donald Trump has warned of economic consequences against any country that provides “any ​type of lifeline to Iran”
• The press ​conference also comes after Treasury’s shift to a more ‌aggressive ⁠pace of buybacks of longer-term government debt
• The U.S. Treasury announced on Wednesday support measures for long-duration bonds, stepping in to staunch, at least ​temporarily, an ​upward march ⁠in yields that had unnerved global investors. By Friday, however, the ​declines in bond yields triggered by ​the ⁠announcement had largely been unwound
• Long-term Treasury yields recently spiked on concerns about the U.S. government’s ⁠rising ​debt, inflation that remains stubbornly ​above the Fed’s 2% target and the implications for ​investment flows

Reuters