Treasury Secretary Bessent will testify before the House Financial Services Committee at 22:00 tonight in a hearing titled “The Secretary's Annual Testimony on the State of the International Financial System.” Markets will watch for signals on fiscal policy, Treasury issuance and buyback plans, debt management, and the outlook for the dollar and interest rates, as the 10-year U.S. Treasury yield has broken above 5%. Remarks focused on deficit control and bond-market stability may ease pressure on long-end yields, while signals of fiscal expansion or tolerance for high rates could raise caution around further yield increases and reactions across the dollar, gold, U.S. stocks, and risk assets.