‘Don’t fight Bessent’s Treasury’ is new mantra in US bond market

Quick Summary:

Bessent’s fixation on the 10-year yield is so intense that he’s forced some on Wall Street to tear up their predictions for 2025.

Some of this is normal — keeping government borrowing costs in check has long been part of the job — but Bessent’s fixation on the benchmark US note is so intense that he’s forced some on Wall Street to tear up their predictions for 2025.

Dhingra is recommending his clients buy 10-year inflation-linked notes, in part because of Bessent’s commitment to suppressing long-term yields.

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Article Details

Author / Journalist: Ye Xie, Liz Capo McCormick, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: Bond yields U.S. Department of the Treasury Bonds

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-23 @ 22:52:54 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 849 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 213 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27263752

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