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Bessent eyes expanded Fed backstop for Japan's yen defense, aims to spare U.S. bond market

Treasury Secretary Scott Bessent is pushing the Federal Reserve to expand its backstop for Japan's yen defense, maneuvering to keep U.S. Treasuries away from a bond market he regards as sensitive. The Fed, now led by…

NM
NewsMV Markets Desk
3 min read
4 August 2026Markets desk
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Filed via cnbc.com

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