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.