U.S. Treasury Secretary Comments on Global Bond Market Volatility

U.S. Treasury Secretary Besent stated on January 21 that the recent market downturn is primarily due to significant fluctuations in the Japanese bond market over the past two days. According to BlockBeats, these fluctuations have been reflected in Japan's ten-year government bonds. Besent has been in communication with Japan's economic leaders, urging them to take necessary actions to stabilize their bond market. The volatility is spreading across global bond markets, with yields rising in Germany, France, and the United States. Besent emphasized that the issue originates from the Japanese bond market and is unrelated to Greenland.