From The Economic Times · Bloomberg · · 1m
Bessent sees no spillover from France bond market turmoil
US Treasury Secretary Bessent says French bond market turmoil won't affect US markets.
In brief
US Treasury Secretary Bessent says French bond market turmoil won't affect US markets. US Treasury Secretary Scott Bessent states there will be no spillover from France's bond market turmoil to US markets. Originally reported by The Economic Times.
US Treasury Secretary Bessent
US Treasury Secretary Scott Bessent says he doesn't anticipate a spillover from what's happening in France.
“I don't anticipate a spillover from what's happening in France”
French bond market turmoil
France has seen surging bond yields amid government protests and budget deficit concerns.
Bessent on French economic team
Bessent praised President Macron's economic team as 'really first rate'.
“The French have a tough hand, but President Macron's economic team, whom I know very well, are really first rate”
US Treasury market performance
US bond market has been the best performer globally under Trump administration.
“US bond market has been the best performing in the world”
Bond yield impacts
Elevated US mortgage rates and home sales have fallen due to bond yield changes.
Energy price effects
Elevated energy prices from Iran war have driven up US bond yields.
Bessent on housing legislation
Current housing legislation will help stabilize US mortgage markets.
“Current legislation, including a recent housing package enacted by Congress, will help”
What matters most
US Treasury Secretary Scott Bessent states there will be no spillover from France's bond market turmoil to US markets.
