Key facts
- U.S. Treasury Secretary Scott Bessent attributed rising bond yields to global issues.
- U.S. 10-year Treasury yields reached their highest levels since 2007 on Tuesday.
- Bessent discussed Iranian financial links with China in private discussions.
- President Donald Trump is scheduled to discuss Iran with Xi Jinping at a summit this month.
U.S. Treasury Secretary Scott Bessent stated on Tuesday that rising bond yields were a result of "global issues," without providing further specifics. His remarks were made to reporters before a congressional hearing where U.S. 10-year Treasury yields had reached their highest point since 2007 on the same day.