Bessent Says Treasury Yields Reflect Stable or Easing Inflation Expectations

U.S. Treasury Secretary Scott Bessent said recent moves in Treasury yields show inflation expectations are stable or declining.

Walter Bloomberg, an overseas markets news service, reported that Bessent said Treasury yields “show that inflation expectations are flat or falling.”

U.S. two-year and 10-year Treasury yields recently rose to their highest levels since January 2025. Even so, Bessent does not appear to view the increase as a sign that inflation expectations are picking up again.