Treasuries Gain as Oil Drop Eases Pressure on Inflation, Bessent

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Ye Xie August 25, 2026 at 1:30 PM UTC Treasuries gained as a decline in crude oil eased inflation concerns and the pressure on Treasury Secretary Scott Bessent, who has been moving to halt a months-long selloff that pushed the longest-dated yields to the highest in almost two decades. Yields fell by two to four basis points across the curve as oil dropped amid optimism about de-escalation in the Middle East. Yields on 30-year bonds have fallen about 9 basis points to 5.19% since Bessent announced plans last week to at least double Treasury buybacks in a bid to drag down long-term rates.