Business & Finance
Treasuries Gain With Bessent and Warsh Due to Set Direction
Key Points
Treasuries Gain With Bessent and Warsh Due to Set Direction Treasuries gained at the start of a potentially pivotal week for the US bond market, with remarks from US Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh likely to determine where yields go next. Yields were lower across maturities on Monday after a choppy week when US 30-year borrowing costs touched a near two-decade high before the US Treasury stepped in boosting buybacks. The 10-year yield was three...
Treasuries Gain With Bessent and Warsh Due to Set Direction
Treasuries gained at the start of a potentially pivotal week for the US bond market, with remarks from US Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh likely to determine where yields go next.
Yields were lower across maturities on Monday after a choppy week when US 30-year borrowing costs touched a near two-decade high before the US Treasury stepped in boosting buybacks. The 10-year yield was three basis points lower at 4.71%, while the 30-year fell by a similar margin to 5.24%.