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US Treasury Secretary Scott Bessent downplayed concerns about a sell-off in the bond market, stating that the US is not in a "dire situation" and short-term market fluctuations should not cause alarm.
U.S. Treasury Secretary Scott Bessent downplayed concerns about a sell-off in the bond market, stating that the U.S. is not in a "dire situation" and that short-term market volatility should not cause alarm. This comes after benchmark government bond yields rose above 4.8%. Bessent stated at the G20 Finance Ministers' Meeting that, against a backdrop of high global debt, the solution is stronger economic growth, rather than focusing on monthly bond market fluctuations.
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