CoinScoopUS Treasury Yields Surge, Erasing Gains from Bessent’s Intervention
US Treasury yields have spiked, with the 10-year note reaching 4.9% and the 30-year bond climbing above 5.34%. This surge completely reverses the decline that followed the intervention by Scott Bessent, signaling a tighter monetary environment and reducing the probability of a near-term pause in Federal Reserve rate hikes.
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