U.S. Treasury Secretary: Market Downturn Due to Unusual Volatility in Japanese Bond Market, Unrelated to Greenland Issue

BlockBeats News, January 21st, US Treasury Secretary Benson stated: "I believe the market downturn is mainly due to a six-standard-deviation abnormal volatility in the Japanese bond market over the past two days, which is reflected in their ten-year government bonds.

I have been in communication with Japan's Minister of Economy and have 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 US bond yields also rising. I reiterate once again that this is mainly due to issues in the Japanese bond market and has nothing to do with Greenland."