Treasury Secretary Scott Bessent walks to speak with reporters outside of the White House in Washington, Aug. 20, 2026. On Monday, Sept. 14, the bond market rebuked Bessent. The yield on 10-year Treasury bonds surpassed 5 percent for the first time since 2023 and only the second time since the 2008 financial crisis. (Kenny Holston/The New York Times) By ALAN RAPPEPORT Sometimes the house doesn’t win. At a fireside chat at Southern Methodist University last week, Treasury Secretary Scott…
