US Treasury Secretary Bessent to hold press conference on Monday

WASHINGTON, Aug 21 (Reuters) - ‌U.S. Treasury ​Secretary ​Scott Bessent will hold a press conference on Monday, according to a ‌statement, after the U.S. warned of more ⁠sanctions against Iran and took steps to try to ‌lower long-dated Treasury bond ‌yields.

• The press conference, which will be held at the Treasury Department at 2 ​p.m. ET (1800 GMT), comes after Bessent this week said he would give details on ⁠Monday of planned sanctions against Iran

• U.S. President Donald Trump ​has warned of economic consequences against any country that provides "any type of lifeline ​to Iran"

• The press conference ‌also comes after Treasury's shift to a more aggressive pace of buybacks ⁠of longer-term government debt

• The U.S. Treasury announced on Wednesday support measures for long-duration bonds, stepping ⁠in to staunch, at least temporarily, an upward march ​in yields that had unnerved global investors. By Friday, however, the declines in bond yields triggered by the ‌announcement had largely been unwound

• Long-term Treasury yields recently spiked on concerns ‌about the U.S. government's rising debt, inflation ⁠that remains stubbornly ‌above the Fed's ​2% target and the implications for investment flows

(Reporting by Daphne PsaledakisEditing by Rod ‌Nickel)

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