Bessent views high yields and energy prices as transient
Scott Bessent says high yields and energy costs are transient and will ease once the Iran war ends. He expects core inflation to stay stable as oil prices drop.
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United States Treasury Secretary Scott Bessent said elevated bond yields and inflation are transient and will subside once the Iran conflict ends. The 10-year Treasury yield reached 4.671% on Wednesday, marking its highest level since January 2025. Bessent views current market volatility as a temporary energy shock tied to geopolitical tensions rather than a structural shift in long-term inflation.
