Bessent's focus on 10-year US Treasury yield may let Fed off the hook

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Daily News 18:48:56 06/02/2025

Bessent’s focus on 10-year US Treasury yield may let Fed off the hook

The Trump administration prioritizes the 10-year Treasury yield over short-term Fed rates as key to economic stability, impacting sectors like mortgages and lending.

Scott Bessent’s aim is to maintain the 10-year yield below 5% to safeguard Trump’s economic plans amid factors like deregulation and shifting global conditions.

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