[Analyst: U.S. Treasury Secretary Besent Needs to Do More to Convince Markets of Seriousness on Fiscal Issues] Odaily Planet Daily News: The bond market has sent a clear signal to Treasury Secretary Besent in recent days—don’t think you can sweep $40 trillion in U.S. national debt under the rug and pretend it’s not there. Besent announced plans this fall to expand long-term Treasury buybacks, pledged to use the Treasury Department’s extensive 'toolbox' to support the market, and mentioned upcoming measures to curb the ever-growing U.S. debt burden. John Arnold, a former Enron energy trader, billionaire, and founder of the philanthropic Arnold Ventures, stated that this summer’s bond market turmoil might ultimately be 'just another quickly resolved episode,' but the bigger concern is that the unchanged state of U.S. fiscal conditions will persist until it eventually triggers a crisis. Brandywine Global portfolio manager Tracy Chen expressed significant anxiety, noting that Besent has failed to rein in long-term Treasury yields. The bond market’s performance indicates that bond vigilantes still do not trust him. Besent needs to do more to convince investors that the Trump administration is taking U.S. fiscal issues seriously. However, discussing raising taxes or tightening fiscal policy to increase revenue before the November midterm elections would be deeply unpopular. (Jin10)