Scott Bessent is set to intervene in bonds. Should he?

• US Treasury confirms planned long-dated bond auctions will proceed, even as it doubles buybacks of these securities to $4 billion per operation.
• Critics, including Stanley Druckenmiller and Citadel Securities, argue that government intervention in bond markets is unsustainable and that 'harder choices on fiscal policy and central banks willing to get ahead of inflation' are needed.
• German Finance Minister attributes rising yields to global uncertainty, while German Bund yields are trading at a 15-year high, and gold prices signal market unease.

The video discusses the US Treasury's decision to proceed with planned long-dated bond auctions despite increasing bond buybacks. This move draws criticism from market figures like Stanley Druckenmiller and Citadel, who warn against market intervention and advocate for fiscal discipline and central bank action on inflation. German officials also commented on rising bond yields, linking them to global uncertainty.