Bessent touts bond market as 10-year Treasury yield spikes
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Source: CNBC
Published: 2026-09-02 03:20 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Financial Markets, World News, US Politics, Business & Economy
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Snippet:
Treasury Secretary Scott Bessent boasted Tuesday that the U.S. bond market has outperformed the rest of the world since President Donald Trump's return to office. But he made his comments as 10-year Treasury yields rose to their highest level in nearly 20 months amid a global bond selloff that has raised fears about a repeat of the 1997 Asian financial crisis.
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