Bessent defends U.S. debt strategy at G20 amid global bond volatility

U.S. Treasury Secretary Scott Bessent addressed global finance leaders at the G20 meeting in Asheville, North Carolina, this week, defending the administration's debt management strategy while warning that several low-income nations may need to restructure their sovereign debt. His comments came as global bond markets experienced significant volatility, with benchmark yields in the United States, Japan, and the United Kingdom rising to levels not seen in decades. Bessent told his peers that the United States was a leader in addressing sovereign debt issues in emerging markets and low-income countries.