According to CoinMeta, Finance Minister Scott Bessent stated on Thursday that he has a variety of tools at his disposal to address the liquidity issues in the government debt market and restore market stability. However, the dual efforts of accelerating repurchases and communicating with the market have not been as effective as hoped. On Wednesday, the Ministry of Finance announced that it would double the scale of bond repurchases starting from early September, which was welcomed by investors and led to a decline in yields. But on Thursday, long-term yields rebounded rapidly, and market experts expressed doubts about the success of this measure. Bessent mentioned on CNBC that the intervention was aimed at providing market liquidity, not at controlling the yield curve. Although yields initially fell slightly, they then rebounded quickly due to criticism of the announcement from the previous day. Bessent also noted that the scale of repurchases could exceed $4 billion, but the market remains concerned about their effectiveness. Analyst Krishna Guha pointed out that this plan may be seen as a "weak form of operational reversal" and could backfire. Bessent may face challenges to market trust, especially against the backdrop of worsening fiscal deficits and国债 problems.