Bessent blames bond yields on global issues
US Treasury Secretary Scott Bessent attributed rising bond yields to global factors during a congressional hearing. He also confirmed plans to meet Chinese officials ahead of presidential talks.
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United States Treasury Secretary Scott Bessent blamed rising bond yields on global pressures during a congressional hearing on Monday afternoon. The 10-year Treasury yield hit peaks not seen since 2007 amid a wider international debt selloff. The remarks come as Treasury officials prepare for high-level trade and diplomatic talks with China later this week.
