美财长据称考虑用债务管理工具压制美债长端收益率

U.S. Treasury Secretary Scott Bessent is prepared to take aggressive action against market participants pushing the 10-year Treasury yield (US10Y) toward the 5% mark, according to Fox Business correspondent Charles Gasparino.
Wall Street executives with direct knowledge of Bessent's thinking claim the Treasury chief intends to do "whatever it takes to 'put the fear of God' into the bond vigilantes" shorting the long end of the yield curve, Gasparino wrote in a social media post.
Treasury is considering several strategic shifts, including selling more short-term debt and potentially eliminating long-dated issuances like the 20-year bond (US20Y), aligning with recent departmental actions, the executives said.
Last week, the Treasury said it would double its liquidity support bond buyback operations for long-dated government debt to stabilize markets and lower long-term borrowing costs. And CNBC reported earlier on Monday that the Treasury could tap its nearly $1T General Account to fund these buybacks, a move aimed at instilling confidence that the purchases will be large enough to be effective.
While these maneuvers are designed to prevent surging yields from stifling economic growth ahead of the midterm elections, insiders acknowledge they are short-term fixes, the executives noted. They fail to address fundamental market challenges, notably the national debt ballooning to the $40T level and fierce competition for capital stemming from the artificial intelligence (AIQ) (AIEQ) infrastructure buildout.
Notably, the Trump administration will not pursue austerity measures in its remaining years, the Wall Street insiders said.
Instead, the White House plans to "grow" its way out of the massive debt burden through increased economic output and tax revenues, viewing direct tax hikes or strict austerity as recessionary threats.