Bessent denied foreign dumping of U.S. Treasuries, stating that the Treasury has prepared tools to respond.

Wu learned that U.S. Treasury Secretary Scott Bessent, in an interview with Bloomberg, stated that the recent fall in the U.S. Treasury market was mainly caused by deleveraging behaviors, denying speculation about foreign selling of U.S. Treasuries, and pointing out that foreign demand increased in last week’s auctions of 10-year and 30-year government bonds. He emphasized that there are currently no signs indicating a need for urgent measures, but the Treasury has tools available, including the option to repurchase old bonds, which can be utilized if necessary.