Bensont's multi-pronged efforts to prevent the US debt return from climbing Wall Street smelling policy signals

On 10 August, Wall Street traders and strategists stated that the United States Treasury Secretary, Scott Becent, was sending a new signal that he was eager to avoid further sharp increases in bond yields. In a week, he made successive moves, which, according to marketers, were designed to ease the pressure on the United States Treasury debt market, after a long-term return surged to a 19-year high, pushing up the cost of financing from home-buying communities to a wide range of areas in the United States business community. First, he arranged for the United States to intervene in the exchange market for the first time since 1998 to support the yen and reduce the risk that Japan would sell the dollar to raise the dollar to buy it. He also mentioned that Japan could use a Federal Reserve financing mechanism in the future. Then, last week’s quarterly debt announcement, the Ministry of Finance in charge of Becent made a fine and unexpected adjustment to its guidelines, which was interpreted by the market as opening the door to a possible future cut in long-term bond issues. Becent has also recently defended the new communication strategy of Federal Reserve Chairman Kevin Walsh through frequent television visits and social media. After the Fed’s last month’s meeting, Walsh failed to explain how or when the central bank would take action to reduce inflation, leading to a higher rate of return。