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Bessent says bond market cannot be controlled, yields will fall
Treasury Secretary Bessent told Axios he expects U.S. bond yields to decline over time even though he cannot directly control the Treasury market.
U.S. Treasury Secretary Scott Bessent said he cannot control the Treasury market, according to an interview with Axios reported by NYT Business.
Bessent argued that despite the bond market's pushback, U.S. bond yields would come back down over time.
NYT Business described the remarks as a response to the bond market and the idea that the Treasury market does not always follow expectations.
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