CNBC Daily Open: The 'Bessent Bid' wears off

US Secretary of Treasury Scott Bessent speaks during a press briefing in the Brady Briefing Room of the White House in Washington, DC, on May 28, 2026. Kent Nishimura | Afp | Getty ImagesHello, this is Leonie Kidd coming to you from London. It feels right to quote the famous 1993 quote from political stategist James Carville: ""I used to think that if there was reincarnation, I wanted to come back as the President or the Pope or as a .400 baseball hitter. But now I would want to come back as the bond market. You can intimidate everybody."The "Bessent Bid" proved to be short-lived and it seems the bond market will need more convincing.Read on!What you need to know todayU.S. Treasury Secretary Scott Bessent has told CNBC in an exclusive interview on Thursday that the Treasury could expand its bond buyback operation beyond the initial $4 billion. Speaking to CNBC's Sara Eisen, he said current yields don't reflect market fundamentals, adding that liquidity — particularly in the 30-year bond — is weak.His remarks prompted a brief easing in yields, but the "Bessent Bid" was short-lived. The bond market resumed its march higher towards multi-decade peaks for the long-dated 30-year bond. A...