Bessent Axing 20-Year Treasury May Send Yields Higher, BNP Warns

Treasury Secretary Scott Bessent should resist calls to ax the 20-year bond, as doing so could send borrowing costs higher, according to BNP Paribas SA.

By Greg Ritchie · Bloomberg Markets

Treasury Secretary Scott Bessent should resist calls to ax the 20-year bond, as doing so could send borrowing costs higher, according to BNP Paribas SA.