Summary
- US Treasury Secretary Scott Bessent said global factors were behind the recent rise in US Treasury yields.
- Bessent said the move was due to global issues when asked about the rise in US Treasury yields.
- Long-term US Treasury yields continued to climb, with the 10-year yield rising above 5% and remaining at elevated levels.
US Treasury Secretary Scott Bessent said global factors were behind the recent rise in US Treasury yields.
Walter Bloomberg, an overseas economic breaking-news account, reported on September 15 that Bessent made the remark when asked about the increase in Treasury yields.
Long-term US Treasury yields extended their advance that day, with the 10-year yield rising above 5% and remaining at a high level.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.