Beisen Te: The Ministry of Finance does not set equilibrium prices for yields

At the congressional hearing, US Treasury Secretary Vincent Besant said that the Treasury Department does not set a balanced price for the yield level, and solving the deficit problem is the factor affecting the yield of the 10-year treasury bond. Besant pointed out that the recent repurchase action of the Ministry of Finance on long-term US treasury bond was successful, and the demand for US treasury bond in the two auctions after the intervention was strong.