U.S. bond market responds coldly to U.S. Treasury Secretary's 10-year yield commitment
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Gold Finance reported that U.S. Treasury Secretary Bescent on Thursday's commitment to controlling the 10-year Treasury yield faced some doubts in the bond market as inflationary pressures and expectations of a widening federal deficit could overshadow efforts to curb borrowing costs. "While Trump wants to lower interest rates, he will not ask the Fed to cut interest rates," Becent said in an interview yesterday. "President Trump and I are both focused on 10-year U.S. Treasury yields." But bond investment Those and analysts still don’t believe Becente’s remarks as Trump’s trade and fiscal policy is expected to push up long-term Treasury yields despite falling energy prices and government cuts spending. "The bigger problem in comprehensive inflation is the service industry inflation, and the inflation stickiness that has been widespread in the past few months," said Padhraic Garvey, head of research at the American region at Dutch International. “The tariff agenda will only put upward pressure on prices and, in fact, may be more influential than the energy price control plan,” he added.