U.S. Treasury Secretary Reassures Market: Bond Sell-Off Not Driven by Foreign Outflows

Treasury Secretary Janet Yellen has countered concerns about recent bond market sell-offs, dismissing speculation of foreign investors withdrawing their holdings of U.S. Treasury bonds. She emphasized the robust demand from international investors during last week’s auctions for 10-year and 30-year U.S. Treasury bonds. While acknowledging a decline in the bond market as a natural consequence of deleveraging, Yellen maintains that there is no evidence pointing to foreign nations as major drivers of this trend. She further highlighted the Treasury Department’s preparedness with