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US Treasury Secretary Bessent has reportedly formulated a plan that could escalate if the vigilantes continue to push up interest rates, NY Post reports citing sources; looking to put the "fear of God" into bond vigilantes

StockNow breaking-news AI analysis

Treasury Secretary Bessent evaluates halting 20-year debt issuance and expanding bond buybacks to curb rising long-term yields amid persistent bond vigilante pressures.

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Bessent is said to be particularly worried that institutional investors will continue to sell long-dated UST bonds, leading to the US 10yr yield hitting 5%. Plan could include temporarily halting the issuance of certain long-dated debt, such as the 20yr.

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