Bessent Sees Growth in Bond Yield Surge. Voters See Pain.

Bessent sees growth in bond yield surge. Voters see pain.

Bond yields surge as governments borrow for war and rearmament

The rise in US bond yields was particularly significant because it came in the face of attempts by Treasury secretary Scott Bessent to suppress them.

What me worry? Trump’s Treasury Secretary says surge in bond yields is a sign of coming growth in econoy from AI

On Monday at the G20 meeting of finance ministers and central bankers in Asheville, North Carolina, Treasury Secretary Scott Bessent called the run-up in yields a "growth story.” Bessent's argument is that stronger growth prospects--rather than expectations for higher inflation as a result of the renewed attacks between Iran and the U.S. or a massive $40 trillion U.S. debt--were fueling the rise in yields. The 10-year Treasury yield was at 4.78%…

Scott Bessent wages war on bond market as Treasury yields hit 19-year highs

Bessent's bond market strategy may heighten tensions with the Fed, impacting fiscal policy credibility and future borrowing costs. The post Scott Bessent wages war on bond market as Treasury yields hit 19-year highs appeared first on Crypto Briefing.