Treasury Secretary Scott Bessent has made lowering 10-year bond yields a top priority, according to Bloomberg. Bessent’s consistent push to lower borrowing costs has led top Wall Street strategists to cut their 2025 yield forecasts. Yields on the 10-year and across the Treasury curve have dropped by about half a percentage point in the past two months, largely due to recession fears sparked by Trump’s tariff and trade-war threats. Analysts say Bessent’s support for spending cuts, lower taxes, and regulatory changes indicate a determined effort to suppress rates.
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00:00It's Benzinga bringing Wall Street to Main Street. Treasury Secretary Scott Bessett has made lowering
00:0410-year bond yields a top priority according to Bloomberg. Bessett's consistent push to lowering
00:09borrowing costs has led top Wall Street strategists to cut their 2025 yield forecast. Yields on the
00:1510-year and across the treasury curve have dropped by about a half a percentage point
00:19in the past two months, largely due to recession fares sparked by Trump's tariff and trade war
00:24threats. Analysts say Bessett's support for spending cuts, lower taxes, and regulatory
00:30changes indicate a determined effort to suppress rates. For all things money visit Benzinga.com