Bessent touts bond market as 10-year Treasury yield spikes

Treasury Secretary Scott Bessent downplayed short-term bond moves even as he touted the U.S. market, saying, "what happens over a month doesn't matter."

Bond yields surged and stock markets opened lower amid growing concerns that the Fed will raise interest rates this month to combat persistent inflation.

Stocks cautious on US-Iran escalation, bond yields hit multi-year highs  Reuters

U.S. Treasury Yields Decline as Market Absorbs Warsh’s Remarks  WSJ

The meeting of finance ministers and central bank governors comes at a time of massive uncertainty over the Trump administration’s next moves

U.S. Treasury Secretary Scott Bessent faces a major test of his economic diplomacy skills this week as he presses finance leaders from the G20 major economies to shrink global trade imbalances, boost ​growth and sever business ties to Iran, while trying to calm worries about rising U.S. debt and bond yields.

By David Lawder ASHEVILLE, North Carolina, Aug 30 (Reuters) - U.S. Treasury Secretary Scott Bessent faces a major test of his economic diplomacy skills this week as he presses finance leaders from the G20 major economies to shrink global trade imbalances, boost growth and sever business ties to Iran, while trying to ca

ASHEVILLE, North Carolina, Aug 30 - U.S. Treasury Secretary Scott Bessent faces a major test of his economic diplomacy skills this week as he presses finance leaders from the G20 major economies to shrink global trade imbalances, boost growth and sever business ties to Iran, while trying to calm worries about rising U.