U.S. Treasury Secretary Besent lowers the rate of return on long-term national debt or will affect the work of Fed Chairman Walsh

The United States Treasury Secretary, Scott Becent, took action on Wednesday to reduce the rate of return on long-term government bonds, which could complicate the work of Federal Reserve Chairman Kevin Walsh. The United States Treasury's rate of return declined after the Treasury announced that it would “at least double” the 10-, 20- and 30-year national debt, and the operation is expected to start on 9 September and continue until 4 November. This took place at a time when the 30-year-old rate of return on sovereign debt had reached its highest level in 19 years earlier this week, and investors were concerned about higher fiscal deficits, heavy artificial intelligence lending and higher inflation, which pushed up global borrowing costs. During a press conference on 29 July, Walsh repeatedly referred to a significant increase in the rate of return on national debt, suggesting that the Fed welcomed a higher rate of return as a way of raising borrowing costs and tightening policies through markets, without having to do so by raising short-term interest rates。