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Bessent Downplays the Bond Market’s Latest Swing: It’s Not ‘Dire’

Summary by NOTUS
Yields on 10-year U.S. Treasury bonds hit 20-month highs on Tuesday. Economists say reversing the trend will require lowering inflation.

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As selling pressure intensified in global bond markets, US Treasury Secretary Scott Bessent argued that concerns about rising yields were exaggerated. Bessent stated that the US bond market had performed strongly compared to other major economies, while rising oil prices, government debt, and shifts in interest rate expectations were among the key factors driving market pressure.

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CNBC broke the news in Englewood Cliffs, United States on Tuesday, September 1, 2026.
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