Scott Bessent 'May Have Overplayed His Hand'
Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Treasury Secretary Scott Bessent dismissed concerns about the US bond market after Thursday's smaller-than-expected debt buyback operation sent yields to multi-year highs. The Treasury market is in…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
