US Treasury Secretary Bessent said on Aug. 31 that he and Federal Reserve Chair Warsh hold the same position on bonds. He said the 10-year US Treasury yield has remained broadly flat since President Trump took office, pushing back on the idea that he was trying to steer the bond market. Bessent added that he had never said he was attempting to change the direction of bonds. Speaking about the US bond market more broadly, he said he does not believe the equilibrium price can be changed. The remarks were cited by BlockBeats in a brief update.
US Treasury Secretary Bessent said on Aug. 31 that he and Federal Reserve Chair Warsh share the same stance on bonds.
He also said the 10-year US Treasury yield has been broadly flat since President Trump took office. 「I never said I was trying to change the direction of bonds.」
Commenting on the US bond market, Bessent added, 「I do not think the equilibrium price can be changed.」
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