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Bessent 'Extinguishes' Concerns: US Treasury Yield Rise is a Global Phenomenon, AI Bubble Worries Rebutted
US Treasury Secretary Bessent defended the recent surge in bond yields and dismissed concerns over an AI bubble, while hinting that the US government may provide financial assistance to more allied nations in the future. This week, the 10-year US Treasury yield briefly reached its highest level since 2002. Despite this, Bessent told media outlets that current interest rate trends reflect a global phenomenon and do not warrant excessive concern.
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