The Economic Times

US Treasury secretary Scott Bessent says rising bond yields due to 'global issues'

US Treasury Secretary Scott Bessent emphasized global challenges as the backdrop for increasing bond yields during his comments to reporters before a congressional hearing. The event was marked by protests advocating for the cessation of sanctions against Iran, momentarily disrupting the discussion. Bessent disclosed ongoing conversations with Chinese officials about Iran's financial connections, while President Donald Trump is set to continue this dialogue with China's Xi Jinping.