Bessent says the rise in U.S. Treasury yields does not warrant excessive alarm and plays down AI bubble concerns.
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Bessent plays down concerns over rising yields and AI bubble
BlockBeats news,October 4, U.S. Treasury Secretary Bessent said that the recent rise in U.S. Treasury yields is consistent with global trends and does not warrant excessive alarm. On Saturday, he said in an interview with Axios: “I would be concerned if there were some sort of idiosyncratic rise.” “(But) we have not seen people selling U.S. Treasuries to buy German or Japanese government bonds.” “I cannot control the bond market. What I can do is get people to slow down and think.”
In addition, Bessent rejected concerns about the AI bubble, saying that major participants such as Microsoft, Google, and Meta are investing heavily and driving significant revenue growth at companies such as Anthropic and OpenAI.
Original link https://m.theblockbeats.info/flash/370186
Key points
01
October 4, Bessent said that the recent rise in U.S. Treasury yields is consistent with global trends and does not warrant excessive alarm.
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Bessent said that he had not seen people sell U.S. Treasuries to buy German or Japanese government bonds.
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Bessent said that he cannot control the bond market and can only get people to slow down and think.
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Bessent rejected concerns about the AI bubble, saying that major participants such as Microsoft, Google, and Meta are investing heavily.
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Bessent believes that these investments are driving significant revenue growth at companies such as Anthropic and OpenAI.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
U.S. Treasury Secretary Bessent believes that the recent rise in U.S. Treasury yields is not unusual and that there is no need for excessive panic for now. He also believes that continued investment by large technology companies indicates that the AI industry continues to show revenue growth, and therefore does not agree with AI bubble concerns.
Why it matters to readers
These remarks concern both bond market stability and AI industry valuations, but for now they primarily constitute an expression of opinion.
U.S. Treasury yields and AI industry sentiment may both influence investors’ views of risk assets.
Risks and unknowns
The evidence does not provide specific figures for U.S. Treasury yields or their subsequent direction.
The evidence does not provide actual data on capital flows among U.S. Treasuries, German government bonds, and Japanese government bonds.
The evidence does not provide specific investment or revenue data for Microsoft, Google, Meta, Anthropic, or OpenAI.
The content is BlockBeats’ account of an Axios interview; the full interview context still requires verification.
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U.S. Treasury Yields
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