US Treasury Secretary: There is no evidence to suggest that bond market sell-off was done by sovereign countries, there are tools to deal with it

BlockBeats reported that on April 15, US Treasury Secretary Besant played down the recent bond market sell-off, denied the speculation that foreign countries were selling their holdings of US treasury bond bonds, and said that if necessary, the Treasury Department had the tools to deal with the chaos. Besant said, "I don't think foreign investors are selling." He pointed out that foreign demand for the auction of 10-year and 30-year US treasury bond bonds increased last week. Besent reiterated that he believes the decline in the bond market is mainly the result of deleveraging. He said, 'I have no evidence to suggest that the decline is caused by sovereign states.'. He also said, 'We are still far from taking action.'. But if action is needed, 'we have a huge toolkit to roll out'. Besent said that the toolkit includes the department's old securities repurchase plan, and "if we are willing, we can increase the repurchase efforts." (Jin Shi)