Bond Yields About Fundamentals, Not Bessent, Says HSBC’s Kettner

Max Kettner, chief multi-asset strategist at HSBC Bank, attributed higher US bond yields to US economic growth and performance rather than policy preferences. "At the end of the day, this is fundamentals, this is not about what Scott Bessent wants," Kettner said in an interview on Bloomberg Surveillance. Bessent is the US Treasury Secretary. Kettner's comments came as markets debated factors driving yield movements in 2026.

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