U.S. Treasury Secretary Downplays Bond Market Sell-Off Concerns

According to BlockBeats, U.S. Treasury Secretary Besent has minimized concerns regarding the recent sell-off in the bond market, dismissing speculation that foreign entities are offloading their holdings of U.S. Treasury bonds. Besent emphasized that the Treasury Department possesses tools to address any potential market disruptions if necessary. Besent stated, "I do not believe foreign investors are selling." He highlighted increased foreign demand during last week's auctions of 10-year and 30-year U.S. Treasury bonds. Besent reiterated his view that the bond market decline is primarily a result of deleveraging. He added, "I have no evidence suggesting that sovereign nations are behind the decline." Besent also mentioned, "We are far from taking action." However, if action becomes necessary, "we have a substantial toolkit at our disposal." Besent noted that the toolkit includes the department's existing securities repurchase program, stating, "We can increase repurchase efforts if we choose."