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Story summary
- U.S. Treasury Secretary Scott Bessent replied to Senator Elizabeth Warren’s Oct. 7 letter on the 10-year yield.
- U.S. Treasury Secretary Scott Bessent hand-wrote “Happy Indigenous People’s Day” and mocked Senator Elizabeth Warren’s ancestry.
- U.S. Treasury Secretary Scott Bessent said Senator Elizabeth Warren lacks market knowledge and called her letter-writing a “crusade.”
- U.S. Treasury Secretary Scott Bessent blamed Biden-era fiscal spending, not Federal Reserve (Fed) rate hikes, for the 10-year yield surge.