Long-term U.S. Treasury yield rise seen as a sign of economic confidence
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- 1Treasury Secretary Bessent criticizes traders over rising long-term yields, expands buybacks
- 2Income and spending up about 7% annually; odds of September rate hike jump to 62% from 35% after Waller speech
- 3Author sees no evidence of slowdown, interprets current yield levels as a harmless signal
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