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Bessent links rising oil prices to higher 10-year Treasury yields

  • Scott Bessent linked rising oil prices to higher U.S. 10-year Treasury yields.
  • September 15 marked BlockBeats’ report of Bessent’s remarks.
  • Bessent previously attributed the Treasury-yield increase to global issues.

U.S. Treasury Secretary Scott Bessent said rising oil prices were the main factor behind the recent increase in U.S. 10-year Treasury yields. His latest explanation differs from an earlier statement that global issues had caused the rise. BlockBeats, a cryptocurrency-focused media outlet, reported the remarks on September 15. The text also names Minseung Kang.

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