10-year Treasury yield climbs above 5.3% to a level not seen in 24 years
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10-year Treasury yield climbs above 5.3% to a level not seen in 24 years
Unofficial Hacker News client; not affiliated with Y Combinator.
adjejmxbdjdn · · focus · HN ↗
Even if it goes down going forward, Bessent was incredibly reckless. Basic emotions have a surprisingly significant influence on financial markets’ behavior. I won’t be surprised if the rates would have been at least a few basis points lower if it wasn’t for Bessent’s silly bravado.