Trump described the military as a “final intervention” in a volatile debt market

ON FRIDAY, TRUMP STATED THAT THE MILITARY COULD BE A “FINAL INTERVENTION” IN RESPONSE TO THE VOLATILITY OF THE BOND MARKET. THIS STATEMENT HAS LED TO CONFUSION AMONG JOURNALISTS AND FINANCIAL COMMENTATORS, AS THERE IS NO CLEAR POLICY MECHANISM TO SHOW THAT MILITARY ACTION CAN REDUCE THE RATE OF RETURN ON NATIONAL DEBT. ALTHOUGH BECENT ' S ACCELERATED BUY-BACK HAD BRIEFLY PUSHED DOWN THE RATE OF RETURN, THE 30-YEAR RATE OF RETURN ON NATIONAL DEBT HAD SUBSEQUENTLY RECOVERED TO A 19-YEAR HIGH, INDICATING THAT THE GOVERNMENT ' S CONVENTIONAL INSTRUMENTS HAD DIFFICULTY IN CONTROLLING THE TREND. THE REACTION OF THE MARKET TO TRUMP ' S SPEECH WAS CONFUSING, WITH CNN ' S ANCHOR, ABIGAIL PHILIP, EXPRESSING UNCERTAINTY ABOUT WHAT TRUMP MEANT, WHICH WAS WIDELY PERCEIVED AS CONFUSING IN MAJOR MEDIA REPORTS。