# Bessent sees no spillover from France bond market turmoil

> US Treasury Secretary Bessent says French bond market turmoil won't affect US markets.
- Title: Bessent sees no spillover from France bond market turmoil
- Summary: 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…
- Keywords: us treasury secretary, scott bessent, france bond market, bond yields, french government, debt crisis, treasury market, money, business, Bessent, sees, spillover
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/us-stocks/news/bessent-sees-no-spillover-from-france-bond-markets-turmoil/articleshow/135079201.cms
- Author: Bloomberg
- Published: 2026-10-21T01:07:00+00:00
- Read time: 1 min
- Topics: us treasury secretary, scott bessent, france bond market, bond yields, french government, debt crisis, treasury market, money, business
## 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
## Key takeaway

US Treasury Secretary Scott Bessent states there will be no spillover from France's bond market turmoil to US markets.