As Bessent addresses G20 peers, analysts warn benchmark bond yields near ‘concern zone’

US Treasury Secretary Scott Bessent told G20 finance ministers and central bankers this week that the United States was a leader in addressing sovereign debt issues in emerging markets and low-income countries, but analysts said he was also grappling with serious debt issues closer to home. With the US 10-year Treasury yield rising to a 20-month high of 4.78 per cent, Tuesday’s discussion in Asheville, North Carolina, landed amid a global sell-off of rich countries’ sovereign debt that has also.