Evercore ISI Vice Chairman Krishna Guha said that the actions of the US Treasury not only disrupted investor mentality, but “also made the Open Market Committee uneasy.” Immediately after implementing the intervention, Bezent stated that the rise in US government borrowing costs did not “reflect the real state of economic fundamentals.” In stark contrast to this, Walsh emphasized that investors should make judgments based more on economic data and market prices, rather than wait for central bank officials to give so-called forward-looking guidance on the trend of US borrowing costs. The Federal Reserve Chairman said last month that higher US bond yields reflect objective economic reality, meaning that US borrowing costs should rise; he added that during his term, the Federal Reserve “strives not to interfere with market signals.” Guha said, “Walsh's core position is difficult to reconcile with what the Ministry of Finance is doing now. If the finance minister publicly claims that the market price is wrong and directly interferes with the bond market, it will be difficult for Walsh to call for the bond market to run on its own price mechanism.”

Evercore ISI Vice Chairman Krishna Guha said that the actions of the US Treasury not only disrupted investor mentality, but “also made the Open Market Committee uneasy.” Immediately after implementing the intervention, Bezent stated that the rise in US government borrowing costs did not “reflect the real state of economic fundamentals.” In stark contrast to this, Walsh emphasized that investors should make judgments based more on economic data and market prices, rather than wait for central bank officials to give so-called forward-looking guidance on the trend of US borrowing costs. The Federal Reserve Chairman said last month that higher US bond yields reflect objective economic reality, meaning that US borrowing costs should rise; he added that during his term, the Federal Reserve “strives not to interfere with market signals.” Guha said, “Walsh's core position is difficult to reconcile with what the Ministry of Finance is doing now. If the finance minister publicly claims that the market price is wrong and directly interferes with the bond market, it will be difficult for Walsh to call for the bond market to run on its own price mechanism.”