Trump was asked by a reporter whether he had directed Bessent to intervene in the bond market and what other options were on the table. The post Trump Suggests He Can Use the Military on Bond Markets: ‘If We Have To Use That,

Part of the problem is the size of the national debt, which on Tuesday hit a new high of $40 trillion. The Trump administration not only has not put forward a plan for reducing borrowing, it has pushed through major economic policies that have helped make the situation worse.

It was a tough week for the bond market. And the US government’s attempt to help offered only temporary relief.

In early trading, the 10-year Treasury bond yield rose as high as 4.71%, its highest level since Tuesday. The 30-year yield spiked to as high as 5.627%, rising just above the level yields were at when the Treasury Department’s action Wednesday.

A rise in oil prices on Thursday is sending worries about inflation and yields in the bond market higher, erasing some of the relief the U.S. Treasury Department created the day before. A drop for Walmart following its latest profit report helped drag the U.

Two new studies find signs investors aren’t as willing to accept low yields because of Treasurys’ safety.

The nearly $32 trillion market for U.S. government bonds, called the Treasury market, offers a clear signal of where the economy may be headed. Yields on bonds tend to set the temperature for other interest rates, including mortgages and auto loans. They can affect everything from student loans to the housing market.