Business & Economy · 2 views
Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win
The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.
AI Summary
Treasury Secretary Scott Bessent told Axios he cannot control the Treasury market but expects U.S. bond yields to decline over time. He defended his claim that he is “the house” in overseeing America’s bond market, while conceding that investors who bet against his positions might win a few hands. The remarks highlight his view of market dynamics and his role amid ongoing yield fluctuations.
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