Fox Business, citing Wall Street executives, says U.S. Treasury Secretary
Bessent is prepared to do whatever it takes to deter traders shorting long-dated
Treasuries and trying to push the 10‑year yield to 5%. Potential near-term
measures include Treasury buybacks, increased short-term issuance and possible
cancellation of 20‑year note auctions. Sources describe the steps as temporary,
aimed at preventing further yield spikes and averting high rates ahead of the
midterms. Wall Street sources caution the moves do not address fundamentals:
U.S. debt is about $40 trillion and rising capital competition from AI
infrastructure spending. They expect no fiscal tightening in the remainder of
the administration; the stated plan is to grow out of the debt via growth and
higher tax receipts, while acknowledging that real solutions—tax hikes or fiscal
consolidation—would risk tipping the economy into recession.
