US Treasury yields surge past 5%! Bessent faces a major test tonight as the "growth decoupled from debt" logic comes under market scrutiny.

Zhito Finance APP has learned that the U.S. 10-year Treasury yield hit 5.04% on Tuesday, the highest since 2007. As U.S. Treasury yields continue to climb and the sustainability of U.S. fiscal policy once again draws market attention, U.S. Treasury Secretary Bessent will attend a hearing of the U.S. House Financial Services Committee at 22:00 Beijing time tonight. The market will focus on whether he sends new signals on fiscal policy, Treasury issuance and buyback plans, debt management, and the outlook for the dollar and interest rates. At the same time, Bessent's long-emphasized strategy of "growing out of the debt" is facing increasingly serious real-world doubts.