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Bessent Supports $5K Checks, 10-Year Yields Hit 19-Year High
Source: Bloomberg
Interest Rates & YieldsFiscal Policy & BudgetMonetary Policy
US 10-year Treasury yields reached a 19-year high, signaling tighter financial conditions and potential pressure on rate-sensitive assets. Treasury Secretary Scott Bessent voiced support for $5,000 checks, introducing a potentially expansionary fiscal-policy element that could reinforce inflation and borrowing concerns.
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