Reported 9 days ago
Treasury Secretary Scott Bessent has attributed recent turmoil in the bond market to significant losses among large leveraged players, emphasizing that the situation is not systemic. With escalating trade tensions with China, Bessent warned against currency devaluation and reiterated that all policy options remain on the table. As Treasury yields surged, he described the market fluctuations as normal de-leveraging rather than a crisis, asserting that calming conditions will return as leverage decreases.
Source: YAHOO