US Treas Secretary Scott Bessent - more on Trump wanting lower 10 yr yeild, not short term ...Middle East

Trump's Treasury Secretary Bessent threatens the largest tax hike in history

The key point in his comments was this:

focus is on bringing down 10-year Treasury yields, rather than the Fed’s benchmark short-term interest rate

Of course, getting the 10 year yield on a downward path implies moves to improve the US fiscal position, as well as inflation. So far we've had his partner, Musk, cutting Federal government programs like USAID, Federal employees and such. Which really doesn't scratch the surface, most of the US spending is on healthcare, Social Security, and defence. Will Trump inflict the pain that his focus seems to imply? There is a barely a politician out there that would.

This article was written by Eamonn Sheridan at www.forexlive.com.

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