Treasury yields have surged to 24‑year highs, with the 10‑year and 30‑year benchmarks climbing sharply in recent days. Despite the steep rise, Bessent’s new advisor, David Zervos, said the rates could ease in the near term.
In the latest market data, the 10‑year Treasury yield has climbed to levels not seen since the early 2000s, while the 30‑year yield has also reached a record high over the same period. These movements reflect investor sentiment on inflation and the outlook for the U.S. economy.
“Treasury yields are ‘really, really high,’” Zervos said, noting that the current levels are at the upper end of the historical range. He added that, given the volatility in the market, the yields may come down soon.
Market participants are watching the Federal Reserve’s policy stance closely, as changes in interest rates can influence Treasury performance. The recent spike in yields has prompted analysts to reassess expectations for future borrowing costs.
While the long‑term outlook for Treasury yields remains uncertain, Zervos’s comments suggest that the current high levels may not be permanent and could ease as economic conditions evolve.
<small>Source: CNBC — read the original story there.</small>