Economy
US Treasuries Yields Fall From 2002 High as Oil Prices Dip
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THE BRIEF
1
US bond yields declined from their highest levels since 2002 as oil prices stabilized and Treasury Secretary Scott Bessent defended government debt sustainability.
2
Yields on 10-year notes dropped by three basis points to 5.28% while two-year yields dropped by about two basis points to 4.8%.
3
Treasury Secretary Scott Bessent stated that economic growth and spending restraints will quickly alter the path of US government borrowing.