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CNN Arabic
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Source: CNN Arabic
21 HrsCNN Arabic
Source: CNN Arabic
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U.S. President Donald Trump revealed that he did not instruct Treasury Secretary Steven Mnuchin to intervene in the bond markets to lower borrowing costs. Instead, Mnuchin independently decided to double the purchases of long-term debt, leveraging his deep experience and understanding of the bond market and interest rates. Although these actions caused a temporary dip in Treasury yields and a rise in stock prices, the yields quickly rebounded almost to their pre-announcement levels. Trump noted that there are various economic interventions, and that the maximum intervention could involve using the military if necessary, though he did not provide further details.
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