Treasury Secretary Scott Bessent claims the recent surge in bond yields and energy costs is purely transient in nature …
He insists inflation expectations will normalize once regional Middle East supply routes stabilize and conflict volatility fades …
Market analysts remain skeptical of this outlook as benchmark 10-year Treasury yields test levels not seen since early 2025 …
Rising oil prices are being treated by central bankers as a primary driver of headline inflation that might force tighter monetary policy …
Bessent points to Brent crude futures pricing as evidence that traders expect the current supply disruption to be short-lived …
