Treasury Secretary Scott Bessent has made lowering 10-year bond yields a top priority, according to Bloomberg. Bessent’s consistent push to lower borrowing costs has led top Wall Street strategists to cut their 2025 yield forecasts. Yields on the 10-year and across the Treasury curve have dropped by about half a percentage point in the past two months, largely due to recession fears sparked by Trump’s tariff and trade-war threats. Analysts say Bessent’s support for spending cuts, lower taxes, and regulatory changes indicate a determined effort to suppress rates.
