Treasury Secretary Bessent aims to lower bond yields by implementing fiscal discipline and spending cuts.

From Yahoo Finance: 2025-03-23 15:00:00

Treasury Secretary Scott Bessent is focused on driving down 10-year bond yields, prompting some Wall Street analysts to revise their forecasts for 2025. Yields have already dropped significantly in the past two months, a move influenced by President Donald Trump’s trade threats and recession fears. Bessent’s plan involves fiscal discipline, lower taxes, and spending cuts to boost economic growth and lower interest rates. Analysts believe the administration is determined to keep yields low through various actions, including limiting debt auctions and backing measures to increase bond demand. This strategy has led to speculation about a potential “Bessent put” in the bond market, similar to the Greenspan put in the stock market.



Read more at Yahoo Finance: ‘Don’t fight Bessent’s Treasury’ is new mantra in US bond market