In addition to stressing the Treasury's willingness to expand the scale of bond repurchases, Treasury Secretary Scott Bessent also tried to appease the bond market on Thursday. He said concerns about budget deficits were exaggerated. Bessent said that the current rise in the deficit is mainly driven by tariff rebates, but in the end, tariff revenue in 2026 should remain the same as in 2025. He also said that tax revenue has been impacted by corporate investment tax incentives, but these incentives should pay off in the long run. Bezent's reassuring of the fiscal outlook did not seem to have had an immediate effect on the market, and US Treasury yields continued to rise during the day's trading.

In addition to stressing the Treasury's willingness to expand the scale of bond repurchases, Treasury Secretary Scott Bessent also tried to appease the bond market on Thursday. He said concerns about budget deficits were exaggerated. Bessent said that the current rise in the deficit is mainly driven by tariff rebates, but tariff revenue in 2026 should eventually be at the same level as 2025. He also said that tax revenue has been impacted by corporate investment tax incentives, but these incentives should pay off in the long run. Bezent's reassuring of the fiscal outlook did not seem to have had an immediate effect on the market, and US Treasury yields continued to rise during the day's trading.