Treasury Secretary Bessent trusts bond market process amid yield rise
U.S. Treasury Secretary Scott Bessent stated he "trusts the process" in the bond markets, acknowledging that "you win over time" and that the house doesn't always win, a more humble view after failing to influence the bond market.
” Bessent struck a more modest tone after failing to jawbone the bond market. In an interview, he said the house does not always win.