US Treasury Secretary: US debt buybacks are aimed at increasing liquidity and managing the debt maturity structure, not controlling the market.

BlockBeats news, September 20: U.S. Treasury Secretary Scott Bessent stated that the dollar remains on one side of 89.2% of global foreign exchange transactions, foreign investors continue to hold substantial U.S. assets, and major stablecoins are also denominated in dollars. The relevant data does not support the claim that capital is fleeing the United States.

Bessent said the purpose of the U.S. Treasury's buybacks of government bonds is to increase market liquidity and manage the debt maturity structure, not to attempt to control the over $30 trillion U.S. Treasury market. If investors were truly unwilling to buy U.S. debt, the actual bidding data should reflect that, but demand for U.S. assets from foreign funds remains strong at present. Norway is merely shifting part of its U.S. Treasury allocation toward agency bonds, and the assets it holds still remain U.S. assets; the Netherlands transporting gold back from North American locations including New York and Ottawa reflects its own asset custody preferences.

The Atlanta Fed expects U.S. real GDP annualized growth of 5.1% in the third quarter. The latest data also show that employment continues to grow, business investment and capital expenditure continue to expand, and equipment investment in the second quarter of 2026 increased by nearly 20% compared with the end of Biden's term. Bessent criticized The New York Times for selectively ignoring data that does not fit its narrative, and said that complex financial realities should not be reduced to statements that serve a predetermined position.