Treasury Secretary Bessent's Bond Market Boast Falls Flat Treasury Secretary Scott Bessent has claimed that the US bond market has outperformed its peers since President Trump's return to office.
However, his assertion is at odds with the facts. The bond market's reaction to Trump's presidency was evident long before his inauguration in January 2025.
Investors began pricing in the possibility of a Trump victory well ahead of time, leading to a sell off of US government debt.