Scott Bessent responds to Elizabeth Warren letter requesting information on rise in the 10-year treasury yield
Treasury Secretary Scott Bessent responded to Senator Elizabeth Warren's letter requesting information on the rise in the 10-year treasury yield. Bessent's response was snarky, accusing Warren of financial illiteracy and questioning her sincerity on economic issues. He also mocked her claims of Native American ancestry.
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- ✓ US 10-year Treasury yields have risen significantly, with some predicting they could hit 6% for the first time since 2000.
- ✓ Senator Elizabeth Warren has expressed concern about the rise in 10-year treasury yields.
- ✓ Treasury Secretary Scott Bessent responded to Warren's letter with a snarky tone, accusing her of financial illiteracy.
What changed
Bessent's response to Warren's letter was made public, revealing a sharp exchange between the two officials.
Live updates
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Scott Bessent responds to Elizabeth Warren on 10-year treasury yield
Treasury Secretary Scott Bessent responded to Senator Elizabeth Warren's letter requesting information on the rise in the 10-year treasury yield. Bessent's response was snarky, accusing Warren of financial illiteracy and questioning her sincerity on economic issues. He also mocked her claims of Native American ancestry.
Why it matters
The exchange between Bessent and Warren is part of a larger debate on economic policy and the role of the Treasury Department. Warren has sent over 100 letters to the Treasury Department in the past 21 months, seeking information on various issues. Bessent's response reflects a contentious relationship between the Treasury Secretary and the Senator.
What is confirmed
- US 10-year Treasury yields have risen significantly, with some predicting they could hit 6% for the first time since 2000.
- Senator Elizabeth Warren has expressed concern about the rise in 10-year treasury yields.
- Treasury Secretary Scott Bessent responded to Warren's letter with a snarky tone, accusing her of financial illiteracy.
Still unconfirmed
- Bessent offered Warren a 'Fixed Income for Dummies' tutorial in his response.
What to watch next
- Warren's response to Bessent's letter
- Future developments in 10-year treasury yields
- Impact of treasury yield changes on economic policy
confidence 85%Sources used for this update (19)
- WSJ — U.S., European Government-Bond Yields Rise; French Bonds Underperform on Budget Worries
- CNBC — Treasury yields rise as Fed's Waller says more hikes needed, investors await 30-year auction
- Financial Times — US 10-year Treasury yields risk hitting 6% for first time since 2000, Pimco says
- Reuters — US 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco's Ivascyn tells FT
- Bloomberg.com — Wall Street Sees an Ominous Sign in Bond Market’s Latest Selloff
- MarketWatch — Here’s how Treasury yields could rise to 6% — even without market upheaval
- Fox Business — Scott Bessent responds to Elizabeth Warren letter requesting information on rise in the 10-year treasury yield
- Bloomberg.com — Bessent Pressed by Warren on ‘Chaotic’ Treasuries Buybacks
- Pluang — Treasury Secretary Bessent rebuffs Sen. Warren'...
- Yahoo — Scott Bessent Mocks Elizabeth Warren’s Microscopic Native American Heritage in ‘Snarky’ Letter
- AOL.com — Secretary Bessent Wishes Heritage-Adopting Senator A 'Happy Indigenous Peoples' Day' Amid Flurry Of Snarky Affordability Letters
- Fox Business — Bessent mocks Sen Warren, wishes her 'Happy Indigenous Peoples' Day' in response to letter
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