Bessenet Cites Global Factors for U.S. Treasury Yield Rise

U.S. Treasury Secretary Scott Bessenet cited global issues as the reason behind the recent increase in U.S. treasury yields.

According to a report from Bloomberg's Walter Bloomberg on Thursday, Bessenet responded to questions about rising U.S. treasury yields by stating it was due to 'global issues.'

The U.S. long-term treasury yield has continued its upward trend, with the 10-year yield surpassing 5%.