Canceling 20-year US Treasuries may backfire? BNP Paribas warns it could worsen market selloff, maintains forecast for 30-year yield rising to 5.8%

Zhito Finance APP has learned that BNP Paribas warned that U.S. Treasury Secretary Bessent should resist calls to cancel the issuance of 20-year U.S. Treasuries, because this measure, which appears intended to reduce long-term financing costs, may backfire. Not only will it be difficult to sustainably push down U.S. Treasury yields, but it may instead drive up borrowing costs and weaken market liquidity.