Treasury Secretary Scott Bessent dismissed fears that China could destabilize U.S. financial markets by dumping Treasuries, according to Yahoo Finance. Bessent said China has little reason to sell U.S. Treasuries because doing so would undermine China's weak-currency policy, making its exports less competitive. He added that the U.S. government and Federal Reserve are prepared with tools such as buybacks and coordinated action if needed. Analysts believe Trump’s 90-day tariff pause was driven by turmoil in the bond market, not international negotiations, citing soaring yields and foreign selling of U.S. Treasuries.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Treasury Secretary Scott Bessett dismissed fears that China could destabilize U.S. financial markets
00:07by dumping treasuries, according to Yahoo Finance. Bessett said China has little reason
00:12to sell U.S. treasuries because doing so would undermine China's weak currency policy,
00:16making its exports less competitive. He added that the U.S. government and Federal Reserve
00:21are prepared with tools such as buybacks and coordinated action if needed.
00:25Analysts believe Trump's 90-day tariff pause was driven by turmoil in the bond market,
00:31not international negotiations, citing soaring yields and foreign selling of U.S. treasuries.
00:36For all things money, visit Benzinga.com slash GSTV.