Bessent Downplays the Bond Market’s Latest Swing: It’s Not ‘Dire’

CEI’s Senior Economist Ryan Young was cited by The Washington Sun regarding bond markets and Bessent’s reaction.

Ryan Young, a senior economist with the libertarian Competitive Enterprise Institute, noted that Tuesday’s yield highs could also be the result of the news cycle, including Warsh’s Jackson Hole speech, flaring tensions between the U.S. and Canada and resumed fighting in Iran.

“What’s happening today could well get canceled out tomorrow, but in the long-run trajectory until something does get done about the debt situation, I would look for a slow long-term creep-up, along with plenty of day-to-day volatility as stories pop up,” Young said.

Read the full article at The Washington Sun.