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Treasury Yield Shatters Bessent's Narrative | Durham News
Treasury Secretary Scott Bessent confidently predicted cooling inflation, steady growth, and imminent rate cuts—only for the 30-year Treasury yield to surge to 5.06%, signaling market skepticism. Mortgage rates hit 6.55%, dragging up car loans, credit cards, and 401ks. While Bessent’s message held sway with the two-year note, the long end of the curve defied him—proving the market prioritizes near-term Fed moves over administration optimism. The real test? September’s Fed decision and whether yields keep climbing. Listen in comfort:Get a discount on a Soli Pillow…
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