U.S. Treasury Secretary Janet Yellen assured the market that if the Supreme Court overturns Trump's tariffs, potential tariff refunds are manageable. She stated that the Treasury Department has ample liquidity, with cash balances approaching $774 billion, and any refunds will be distributed gradually over a longer period rather than in a single payment. This, along with the delayed court proceedings, alleviates previous concerns that liquidity shocks could trigger turmoil in the bond and cryptocurrency markets.