Bessent says rising Treasury yields reflect global trend, not cause for alarm

Investing.com -- U.S. Treasury Secretary Scott Bessent said the recent rise in Treasury yields largely reflects a broader global increase in borrowing costs and does not, by itself, warrant concern, even as inflation pressures and heavy government borrowing have pushed benchmark yields to multi-decade highs. Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See the list now » In an interview with Axios published on Saturday, Bessent said he would be more concerned if U.S. yields were rising for reasons specific to the country's financial markets.