Treasury Secretary Scott Bessent attempted to lower long-term interest rates through debt intervention, but the strategy failed as yields continued to rise. ^[1] Scott Bessent asserted that his job is to ensure the market looks at fundamentals and does not dictate policy, adding that they cannot affect the natural balance but can only send a signal. ^[2] Scott Bessent noted that US Treasury bonds are on track to outperform other major debt markets this month, with 10-year yields rising above 4.75%. ^[3] Scott Bessent, US Treasury Secretary, stated on CNBC that he spoke with Stanley Druckenmiller after the investor criticized his recent intervention in the US bond market. ^[4] Stanley Druckenmiller stated that authorities should allow the bond market to do its work following the Treasury Department's unexpected announcement of an expansion of its bond buyback program. ^[5] Geopolitical tensions involving Iran and the closure of the Strait of Hormuz have caused significant disruptions in the global energy market. ^[6] Ten-year US Treasury yields increased by 75 basis points since March, with real rates explaining 70 of that increase. ^[7] The primary driver behind the increase in real interest rates is the massive investment boom in artificial intelligence and data centers. ^[8]