Bessent downplays concerns over surging U.S. Treasury yields and the AI bubble

On October 5, data from Jin10 indicates that US Treasury Secretary Bessent recently responded to concerns over the recent sharp rise in US Treasury yields and the AI asset bubble. He pointed out that the current adjustment in the US Treasury market is not a sell-off triggered by a single factor, but is instead influenced by changes in the global interest rate environment.

Bessent also emphasized that despite increased market volatility, the underlying resilience of the US economy remains significant. The short-term disruptions currently caused by geopolitical conflicts have, to some extent, obscured the macroeconomic fundamentals. This statement aims to convey a signal of stability to the market and downplay over-interpretations of localized asset price fluctuations.