U.S. Treasury Secretary Scott Bessent views the 10-year Treasury yield as key to President Donald Trump’s push for lower interest rates, but traders see little room for further declines. The yield increased Friday after a strong jobs report signaled a resilient labor market, reducing pressure on the Federal Reserve to cut rates. Inflation expectations jumped above 4%, fueled by concerns over Trump’s impending tariffs on steel and aluminum. Bond traders expect yields to stay elevated, with the Fed likely holding rates steady until September.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. Treasury Secretary Scott Besant views the 10-year Treasury yield as key to President
00:07Donald Trump's push for lower interest rates, but traders see little room for further declines.
00:13The yield edged higher Friday after a strong jobs report signaled a resilient labor market,
00:18reducing pressure on the Federal Reserve to cut rates.
00:21Inflation expectations jumped over 4 percent,
00:24fueled by concerns over Trump's impending tariffs on steel and aluminum.
00:27Bond traders expect yields to stay elevated, with feds likely holding rates steady until September.
00:32For all things money, visit Benzinga.com slash GSTV.