Bessent Gets in Touch With Japan as Treasuries Get Roiled (2)

Treasury Secretary Scott Bessent said he had spoken with his Japanese counterpart amid a selloff in Japan’s government bonds that he said had fed through to affect the Treasuries market.

“I’ve been in touch with my economic counterpart in Japan, and I am sure that they will begin saying the things that will calm the market down,” Bessent said in a Fox News interview from Davos, Switzerland, where he was attending the annual World Economic Forum.

Tuesday’s trading session in Tokyo saw what dealers said was the most chaotic session in recent memory. Yields on Japan’s 30- and 40-year bonds ...