The Zhitong Finance App learned that the US 10-year Treasury yield hit 5.04% on Tuesday, a record high since 2007. As US bond yields continue to rise and US fiscal sustainability is once again receiving market attention, US Treasury Secretary Bezent will attend the US House Financial Services Committee hearing at 22:00 Beijing time tonight. The market will focus on whether he sends new signals about fiscal policy, treasury bond issuance and repurchase plans, debt management, and the outlook for the dollar and interest rates. At the same time, the strategy of “getting rid of debt through economic growth”, which Bezent has always emphasized, is facing increasing practical questions.

The Zhitong Finance App learned that the US 10-year Treasury yield hit 5.04% on Tuesday, a record high since 2007. As US bond yields continue to rise and US fiscal sustainability is once again receiving market attention, US Treasury Secretary Bezent will attend the US House Financial Services Committee hearing at 22:00 Beijing time tonight. The market will focus on whether he sends new signals about fiscal policy, treasury bond issuance and repurchase plans, debt management, and the outlook for the dollar and interest rates. At the same time, the strategy of “getting rid of debt through economic growth”, which Bezent has always emphasized, is facing increasing practical questions.