Bescent: The U.S. Treasury market is paying attention to new signals

U.S. Treasury Secretary Janet Yellen will attend a hearing of the House Financial Services Committee tonight at 10:00 PM, with the theme being the state of the international financial system. The market is focused on whether she will release new signals regarding fiscal policy, government bond issuance and repurchase plans, debt management, and the outlook for the dollar and interest rates.

If her remarks lean towards controlling the deficit, it may alleviate upward pressure on U.S. Treasury yields; if they lean towards fiscal expansion, caution is needed as yields may rise further.