US Treasury Secretary Scott Bessent Says Rising Bond Yields Due to 'Global Issues'
Bessent said the increase reflects global pressures as 10-year Treasury yields hit levels not seen since 2007, analysts cited oil, rates and deficits.
- On Tuesday, Treasury Secretary Scott Bessent attributed rising U.S. bond yields to "global issues" during a House Financial Services Committee hearing in Washington, as 10-year yields hit peaks not seen since 2007.
- Analysts link the yield increase to higher oil prices, Federal Reserve rate expectations, and capital competition from AI spending, though Bessent acknowledged the rise partly reflects "the need to address the deficit."
- Defending Treasury's performance, Bessent cited two successful auctions in 20 years and confirmed the U.S. intervened with Japan to support its currency, signaling market credibility.
- Bessent confirmed he will meet Chinese Vice Premier He Lifeng this weekend to discuss Iranian financial links ahead of President Donald Trump's meeting with Chinese President Xi Jinping next week.
- During the hearing, protesters demanding an end to Iran sanctions briefly interrupted Bessent; lawmakers also questioned him regarding Trump's proposal to pay $5,000 to each American if his party retains congressional majorities.
18 Articles
18 Articles
Bessent spoke to journalists after the 10-year U.S. Treasury bond yields reached peaks not seen since 2007
U.S. Treasury Secretary Addresses Rising Bond Yields Amid Global Challenges
Treasury Secretary Scott Bessent attributed rising U.S. bond yields to global issues without specifying causes. His comments came ahead of a House Financial Services Committee hearing. The session, disrupted by protests, discussed international finance and relations with Iran, with discussions planned with China on Iranian ties.
US Treasury chief says rising bond yields due to 'global issues'
U.S. Treasury Secretary Scott Bessent on Tuesday blamed rising bond yields on "global issues" and confirmed he will meet with Chinese Vice Premier He Lifeng this weekend ahead of a meeting between President Donald Trump and Chinese President Xi Jinping next week.
(Washington = Yonhap News) Correspondent Hong Jeong-gyu = U.S. Treasury Secretary Scott Besant said on the 15th (local time) regarding the recent surge in U.S. Treasury yields that it was "due to global issues"...
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