Treasury yields are 'really, really high,' but can come down soon, Bessent's new adviser says

Impact · against what's priced in

The article provides a mildly positive macroeconomic outlook via Treasury official David Zervos, who suggests that current yield spikes are transitory and linked to the Iran energy shock. While the broader market anticipates a December rate hike, the signal that AI-driven capex is a short-term yield driver rather than a structural shift removes some long-term discounting pressure on growth assets.

Scored by the NIS engine · methodology.

• rates▲17%
• fed▲15%
• treasury yields▲4%
• oil
• inflation
• ai
• geopolitics