Michael Strain says efforts by Treasury Secretary Bessent to lower long-term yields are unlikely to succeed because they do not address economic fundamentals. His warning comes amid high U.S. debt, 6.7% mortgage rates and elevated energy costs.
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Michael Strain says efforts by Treasury Secretary Bessent to lower long-term yields are unlikely to succeed because they do not address economic fundamentals. His warning comes amid high U.S. debt, 6.7% mortgage rates and elevated energy costs.
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