6 Hrs
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الاقتصادية
Biden downplays bond worries despite U.S. yield rise
U.S. Treasury Secretary Janet Yellen emphasized that the U.S. Treasury market remains strong despite recent increases in yields, which have reached their highest levels since 2024. The yields on 10-year bonds have hit levels not seen since 2023. Although the recent debt buyback operation on Thursday was smaller than expected, with $5.19 billion purchased out of the planned $6 billion, the Secretary assured that the market remains healthy and that the rise in yields does not indicate weak demand. She offered unconventional explanations, including possible interventions related to Iran, aimed at lowering yields and stabilizing the market. She also denied any confrontation with Federal Reserve Chairman Jerome Powell, clarifying that her decisions are based on accurate information and that she seeks to avoid causing investor panic. The increase in bond yields has added pressure on financial markets, especially amid rising oil prices, but she downplayed concerns about its impact on the U.S. economy.
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