Mars Finance News, on April 9, U.S. Treasury Secretary Becent downplayed the sell-off of U.S. Treasury bonds, stating that it is not systemic. "The market is currently experiencing a deleveraging turbulence," Becent said, adding that he often witnessed such situations during his hedge fund career. "This is the fixed income market. Some very large leveraged players are suffering losses and are forced to deleverage." In recent days, long-term bonds have been at the forefront of the decline in the U.S. bond market, despite a simultaneous stock market downturn—contrary to its typical safe-haven role. So far this week, the U.S. 30-year Treasury bond yield has surged by about 0.5 percentage points. He said: "I don't think this is a systemic problem. I believe the deleveraging happening in the bond market is an unsettling but normal process." (Jinshi)
U.S. Treasury Secretary Benson downplays U.S. bond sell-off, believes bond market is in "normal deleveraging"
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




