Treasury Secretary Bessent Plays Down Foreign Bond Dumping Claim
Bloomberg Daybreak: Asia Edition
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Treasury Yields and Global Impacts
This chapter analyzes the recent surge in treasury bond yields, exploring the potential effects of foreign central banks, particularly from Asia, on the U.S. bond market. It delves into the implications of past financial crises, current market volatility, and the challenges of understanding foreign holdings, especially in the context of China and the dollar's diminishing role as a reserve currency.
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