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Bessent 'Puts Out the Fire': Rising U.S. Treasury Yields a Global Phenomenon, Dismisses AI Bubble Concerns
15 hour ago /
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Author：小编
U.S. Treasury Secretary Bessent defended the recent climb in Treasury yields, stating that the current interest rate trend is a global phenomenon and there is no need for excessive concern. He dismissed the notion of an artificial intelligence bubble, arguing that AI investments by tech companies such as Microsoft, Google, and Meta are grounded in solid business logic and fundamentally different from bubbles unsupported by fundamentals. Additionally, Bessent hinted that the U.S. government may provide financial assistance to more allied countries in the future.
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