U.S. Treasury Secretary Bessent said he and Federal Reserve Chair Warsh share the same view on bonds, according to PANews. He said the 10-year Treasury yield has been broadly flat since President Donald Trump took office and pushed back on the idea that he had tried to steer the bond market. Bessent added that he had never said he was attempting to change the direction of bonds.
Speaking about the U.S. bond market, Bessent said he does not believe the equilibrium price can be changed. He also said he does not plan to speculate on what the Federal Reserve may do next. In the same remarks, Bessent noted that Fitch has reaffirmed the U.S. credit rating and said core inflation remains very mild. He added that, traditionally, rates are not raised in response to supply shocks.
The comments center on the bond market, monetary policy expectations, and the broader inflation picture in the United States.
U.S. Treasury Secretary Bessent said he and Federal Reserve Chair Warsh are in agreement on bonds, according to PANews.
Bessent said the 10-year U.S. Treasury yield has been broadly flat since U.S. President Donald Trump took office. He also said he had never stated that he was trying to change the direction of bonds.
On the U.S. bond market, Bessent said he does not think the equilibrium price can be changed. He added that he does not intend to speculate on possible actions by the Federal Reserve.
Bessent also said Fitch has reaffirmed the U.S. credit rating and that core inflation remains very mild. Traditionally, he said, interest rates are not raised in the face of supply shocks.
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