According to CoinMeta, Bessent is making historic efforts to suppress long-term Treasury bond yields. On Wednesday, the U.S. Treasury Department announced an increase in the repurchase of long-term Treasury bonds, with the maximum purchase amount rising from $2 billion to at least $4 billion. This intervention effectively curbed selling pressure in the Treasury bond market and alleviated the stress caused by the recent rise in yields. Although the scale of the repurchases is still insufficient compared to the total debt, the market generally interprets it as a strong symbol of Bessent's long-term efforts to lower the yields of 10-year Treasury bonds.