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Bessent's New Advisor Zervos: US Treasury Yields "Very, Very High" But Will Soon Decline
David Zervos, a new advisor to US Treasury Secretary Scott Bessent, stated that US government bond yields are likely to fall back after recently surging to a 24-year high. Zervos noted on CNBC on Thursday that real yields are "very, very high" by historical standards and have room to decline in the future. He believes that some of the pressure on global real interest rates comes from increased corporate spending in AI and energy shocks caused by the US-Iran conflict, but these are short-term issues.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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