Treasury Secretary Bessent expects bond market will calm down, suggests spike in yields is normal trading - MarketWatch

1. Bessent downplays U.S. bond market volatility as normal deleveraging. 2. 10-year Treasury yield spiked above 4.5% amid heightened market reactions. 3. Economic crisis threats linked to Trump's tariff policies lead to market concerns. 4. Speculation rises on possible Federal Reserve intervention in the market. 5. Bessent expects market calm to return as leverage decreases.