U.S. President Donald Trump said Treasury Secretary Scott Bessent did not act on his instructions when intervening in the bond market this week. Bessent said the government could increase Treasury repurchases after announcing that planned buybacks would be double the expected amount. Long-term Treasury yields had recently risen amid concerns over growing U.S. debt, persistent inflation above the Federal Reserve's 2% target and potential effects on investment flows, although the decline triggered by Bessent's announcement had largely unwound by Friday.