Internet reported that U.S. Treasury Secretary Basent's commitment to controlling the yield of the 10-year U.S. Treasury note on Thursday encountered some doubts in the bond market, as inflationary pressures and expectations of a widening federal deficit could outweigh efforts to curb borrowing costs. "Although Trump wants to lower interest rates, he will not ask the Federal Reserve to cut interest rates," Bessent said in an interview yesterday. "President Trump and I are both focused on 10-year U.S. bond yields." But bond investors and analysts remain skeptical of Besent's remarks because Trump's trade and fiscal policies are expected to push long-term Treasury yields higher despite falling energy prices and government spending cuts. "The bigger issue in aggregate inflation is service inflation and the inflation stickiness that has prevailed over the past few months," said Padhraic Garvey, head of research for the Americas at ING. "The tariff agenda will only put upward pressure on prices and, in fact, may be more influential than the energy price control plan," he added.