US Treasury Secretary Scott Bessent states rising Treasury yields are a global phenomenon, not a specific US concern, despite the 10-year yield hitting 2002 highs 🔗. He attributes the rise to broader borrowing costs, persistent inflation, heavy government borrowing, and AI infrastructure debt 🔗. Bessent suggests policymakers assess the wider economic picture, as the Treasury cannot dictate yield levels 🔗.
Bessent says rising Treasury yields reflect global trend, not cause for alarm
INVESTING.COMOct 3, 4:49 PM UTC
0