Bessent reportedly prepares measures to push 10-year Treasury yield toward 5%

U.S. Treasury Secretary Bessent is reportedly preparing aggressive measures aimed at pushing the 10-year U.S. Treasury yield toward about 5%, according to Wall Street executives cited by Fox Business in a report relayed by ChainCatcher. The yield is a key benchmark for government and private-sector borrowing costs, so a move toward that level could affect financial markets and lending conditions.