BESSENT PLAYS DOWN TREASURY SELLOFF U.S. Treasury Secretary Scott Bessent dismissed concerns over the bond market selloff as benchmark Treasury yields climbed above 4.8%. Speaking at a G20 finance gathering, Bessent said the U.S. is not in a “dire situation” and argued short-term market moves should not cause alarm. With global debt elevated, he said the solution is stronger economic growth, rather than focusing on monthly bond market swings.(*Walter Bloomberg)