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Treasury Secretary Bessent schedules interview amid rising yield and inflation concerns, report says

CNBC reports that Treasury Secretary Scott Bessent is scheduled for an interview while the Trump administration faces economic pressures.

Updated Sep 21, 2026 · 12:16 UTC1 reports

The short version

  • Treasury Secretary Scott Bessent scheduled a morning interview on CNBC's 'Squawk Box' following weekend talks with Chinese Vice Premier He Lifeng.[CNBC]
  • The administration faces rising borrowing costs and fuel prices, with 10-year Treasury yields surpassing 5% and mortgage rates rising above 7%.[CNBC]
  • Rising inflation and interest rates create affordability concerns for consumers ahead of the upcoming November midterm elections.[CNBC]

Key facts

  • The 10-year Treasury yield rose above 5% for the first time since 2007.[CNBC]
  • Mortgage rates surpassed 7% this month for the first time in over a year.[CNBC]
  • Treasury Secretary Scott Bessent met over the weekend with Chinese Vice Premier He Lifeng ahead of an upcoming presidential summit.[CNBC]

What remains uncertain

  • The economic impact of the Treasury's multi-billion dollar buyback program remains contested, as bond yields continued to rise after the intervention.[CNBC]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.