Bessent Has Limited Options to Halt Climb in Treasury Yields
Treasury Secretary Scott Bessent is facing what may become his biggest financial-market test yet, in the form of a steady increase in benchmark Treasury yields that’s generating economic headwinds and...
By Ye Xie, Chris Anstey · Bloomberg Markets
Treasury Secretary Scott Bessent is facing what may become his biggest financial-market test yet, in the form of a steady increase in benchmark Treasury yields that’s generating economic headwinds and leaving him with few easy options.