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【U.S. Treasury Secretary: Treasury buybacks aim to increase liquidity and manage the debt maturity structure, not control the market】
U.S. Treasury Secretary Scott Bessent said that,USD remains on the global 89.2%side of foreign-exchange trading, foreign investors continue to hold substantial U.S. assets, and major stablecoins are also denominated in USD. These data do not support the claim that capital is fleeing the United States. Bessent said the U.S. Treasury’s purpose in buying back Treasuries is to increase market liquidity and manage the debt maturity structure, rather than attempting to control the U.S. Treasury market, which exceeds 30000000000000 USD. If investors truly did not want to buy Treasuries, the actual bidding data should reflect that, but demand from foreign funds for U.S. assets remains strong. Norway is merely shifting part of its U.S. Treasury allocation toward institutional debt; the assets it holds remain U.S. assets. The Netherlands’ repatriation of gold from North American locations, including New York and Ottawa, reflects a preference for holding domestic assets in custody. The Atlanta Fed expects U.S. real GDP annualized growth in the third quarter of 5.1%. The latest data also show that employment continues to grow, while business investment and capital expenditure continue to expand. Equipment investment in the second quarter of 2026 was nearly 20%higher than at the end of the Biden administration. Bessent criticized The New York Times for selectively ignoring data that did not fit its narrative, saying that complex financial realities should not be reduced to statements serving a predetermined position.