Bessent says rising Treasury yields reflect global trend, not cause for alarm

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U.S. Treasury Secretary Scott Bessent said rising Treasury yields largely mirror a global increase in borrowing costs and are not, on their own, cause for alarm. Inflation pressures and heavy government borrowing have pushed benchmark yields to multi-decade highs.

U.S. Treasury Secretary Scott Bessent said the recent rise in Treasury yields largely reflects a broader global increase in borrowing costs and does not, by itself, warrant concern, even as inflation pressures and heavy government borrowing have pushed benchmark yields to multi-decade highs. In an interview with Axios published on Saturday, Bessent said he would ...