Inflation Angst Grips Bessent’s Favorite Bond Market Metric
Spiking bond yields show inflation angst from oil price surge as Mideast war deepens.
This article is for subscribers only.
I’m Daniel Flatley, the US Treasury correspondent in Washington. Today we’re looking at how the war risks worsening Americans’ angst over affordability. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Monday was a bad day for Treasury Secretary Scott Bessent’s favorite bond-market metric, with 10-year Treasuries at one point sliding the most since the tariff-driven turmoil of last April.