Bond Market Gains Fade as Trump, Inflation Keep Yields High
- Treasury supply worries ease, but policy questions persist
- Strong labor market, elevated inflation keeping Fed on hold
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To US Treasury Secretary Scott Bessent, the yield on 10-year government debt is the key gauge for President Donald Trump’s goal of getting lower interest rates.
Three weeks into his second term, though, there’s little expectation they will come sliding down much more anytime soon.