#BessentTreasuryYields

About BessentTreasuryYields

US Treasury Secretary Bessent told Axios on Oct 3 that rising Treasury yields broadly track global bond markets and are not yet a major concern. He would worry more if the rise were unique to the US, and sees no clear shift from Treasuries into German or Japanese bonds. The 10Y yield had reached 5.34%, its highest since 2002, while the 30Y hit a more than 20-year high. Despite weaker NFP data, yields rebounded quickly after a brief dip and remained elevated.