U.S. Treasury Secretary Bessent to testify tonight as markets watch for fiscal and rate signals

U.S. Treasury Secretary Bessent is scheduled to appear before the House Financial Services Committee at 22:00 tonight for a hearing on the state of the international financial system, according to ChainCatcher. Markets are focused on whether he will offer fresh signals on fiscal policy, Treasury issuance and buyback plans, debt management, and the outlook for the U.S. dollar and interest rates. The market reading outlined in the source is straightforward: comments leaning toward deficit control could ease upward pressure on U.S. Treasury yields, while remarks pointing to fiscal expansion could leave investors watching for yields to move higher. The hearing is being tracked for policy clues rather than any announced measure at this stage.