The Zhitong Finance App learned that BNP Paribas warned that US Treasury Secretary Bezent should resist calls to cancel the issuance of 20-year US bonds, because this apparently aimed at reducing long-term financing costs may be counterproductive. Not only will it be difficult to keep down US bond yields, but it may also drive up borrowing costs and weaken market liquidity.

The Zhitong Finance App learned that BNP Paribas warned that US Treasury Secretary Bezent should resist calls to cancel the issuance of 20-year US bonds, because this apparently aimed at reducing long-term financing costs may be counterproductive. Not only will it be difficult to keep down US bond yields, but it may also drive up borrowing costs and weaken market liquidity.