Bessent says energy prices, mortgages and yields will ease once the Iran conflict ends
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US Treasury Secretary Scott Bessent stated that the recent rise in bond yields is a global development, adding that inflation will approach the Fed's target as the conflict with Iran ends and energy supplies normalize. Bessent also said he expects mortgage and 10-year bond yields to decline during this process.
U.S. Treasury Secretary Scott Bessent stated that the rise in bond yields is a "global phenomenon," adding that mortgage and 10-year bond yields will fall again once the conflict with Iran is over and energy supply reaches sufficient levels.
US Treasury Secretary Scott Bessent stated that the recent rise in bond yields is a "global phenomenon," adding that with the conflict with Iran behind us and energy supply reaching sufficient levels, inflation will move towards the Federal Reserve's (Fed) target, and mortgage rates and 10-year Treasury yields will fall again.
U.S. Treasury Secretary Scott Bessent said the rise in bond yields is a "global phenomenon" and that mortgage and 10-year bond yields will fall after a conflict with Iran. According to the MBA, the 30-year mortgage yield has risen to 7.49 percent, its highest level since November 2023.
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