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FBN's Gasparino says Treasury Secretary Bessent will do whatever it takes to "put the fear of God" into bond vigilantes, shorting the long end of the curve in an attempt to drive the 10 year yield to 5%, according to Wall St. execs with direct knowledge

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FBN reports Treasury Secretary Bessent may take aggressive actions against bond vigilantes to target the 10-year yield at 5%, amid ongoing Treasury buyback interventions in long-term debt.

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