What Scott Bessent Had to Say About the Bond Market Selloff
Dow Jones
4 hours ago
U.S. Treasury Secretary Scott Bessent has played down concerns over the bond market selloff this week as benchmark Treasury yields top 4.8%.
Here' s what he said at a G-20 finance ministers' gathering in Asheville, N.C.:
-- "The world is awash in debt...and the only way for us to get out of this is to grow our way out of this." (Our chief economics commentator Greg Ip is skeptical of that.)
-- "I don't think we are in any kind of a dire situation...The U.S. bond market has been the best-performing bond market. What happens over a month doesn't matter."
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.