US Treasury Secretary: Market decline influenced by abnormal fluctuations in the Japanese bond market, unrelated to events in Greenland

BlockBeats News, January 21, U.S. Treasury Secretary Bessent stated: "I believe the market downturn is mainly due to an abnormal fluctuation of six standard deviations in the Japanese bond market over the past two days, which is reflected in their 10-year government bonds.

I have maintained communication with the heads of Japan's economic departments and urged them to take necessary measures to stabilize their bond market. This volatility is spreading to all global bond markets, with German bond yields rising, French bond yields rising, and U.S. bond yields also rising. I want to emphasize again that this mainly originates from issues in the Japanese bond market and has nothing to do with Greenland."