US Minister of Treasury: There is currently no need for procedures in the bond market
US Treasury Secretary Scott Payet has reduced the importance of the recent bond market in the bond market and rejected the speculation that foreign countries are getting rid of their US treasury bonds, indicating that its ministry has tools to address any possible imbalance in the market if needed. “I don’t think there is a process or fluidity by foreign investors,” Pisent said in an interview with Bloomberg TV, which was pointed out to what was described by the increase in foreign demand for treasury effects for 10 and 30 years. Pisint confirmed that the recent market decline is mainly due to reducing debt reduction. He said: “I have no evidence that sovereign governments are behind this decline.” He added: “We are still far away” from the need to take action, but he continued: “We have a wide range of tools that can activate us if needed,” and note that under these instruments the program is to rebuild the old ties of the ministry. He added: “We can improve purchases if we want.” The largest decline since 2001 does not increase government bonds. Treasury bonds last week saw the biggest weekly decline since 2001, parallel to a decrease in the value of the dollar, which some of the market participants have considered an indication of the decline in international confidence in US assets. When asked if his last weekly meetings with the Federal Reserve chairman Jerome Powell, a discussion of fear related to the bond market, Pesint said: “Did we discuss the scenario of” Breaking the Glass “specifically? I think we are very far from this possibility.” When asked if he was anxious, he replied, “I think that if so, we would have heard it from the Federal Reserve Speaker himself.”