The reversal in Treasury yields engineered by Treasury Secretary Scott Bessent’s buyback plan lasted only a day as federal borrowing crossed $40 trillion. Stocks fell sharply on Thursday amid additional signs of weakness among American consumers, highlighted by Walmart. Futures pointed to a rebound that could recover some of those losses, with more retailers scheduled to report quarterly results. The writer said they would be away for a couple of weeks, while Wall Street Journal colleagues would continue Markets A.M. coverage, and directed readers to follow live markets data and coverage.