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#BessentTreasuryYields A 5.34% 10Y yield sounds alarming, but Bessent is watching something else 👀
His point: yields are rising globally, not just in the US. That makes this look less like investors abandoning Treasuries and more like a broader repricing of long-term borrowing costs.
What caught my attention is that weak jobs barely kept yields down.
If softer growth can't pull long rates lower, markets may be dealing with a structural yield problem, not just another Fed cycle.
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