Hassett Deflects Treasury Yield Question, Points to 30-Year TIPS

Hassett's pivot to the 30-year TIPS yield is a notable framing choice: it recasts the bond-market question as one about real returns on capital rather than nominal borrowing costs, while declining to address the yield level itself. The deflection to Bessent also signals that the administration is content to let Treasury carry the messaging on government bond yields. Whether this division of commentary holds, and whether real-yield framing displaces nominal-yield scrutiny in official remarks, is the open question worth watching.