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Bessent says high bond yields, energy prices are 'transient,' will ease as Iran war ends
The Iran war energy shock, growing inflation concerns and fading interest rate-cut hopes may have bond investors and central bankers on edge but U.S. Treasury Secretary Scott Bessent said he views elevated yields and headline inflation as "transient," subsiding when the conflict ends. Bessent told Reuters in an interview on Tuesday that central bankers at a G7 finance leaders meeting in Paris voiced more concern than he did about inflation and a bond market sell-off. "I think if you're a central banker, you're supposed to say that you're concerned about it," Bessent said. "The tougher you talk, the less you have ... (full story)
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