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Treasury Secretary Amplifies Bullish Economic Data as the 10-Year Yield Hits 5%

Summary by Coin Desk
Bessent pushed back against a bearish assessment of the U.S. economy highlighting strong growth, foreign demand for American assets and continued dollar dominance.

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Key points of the news: Bessent defended the US economy by quoting that the dollar participates in 89.2% of the transactions of the global exchange market. Most of the stablecoins are denominated in dollars, a fact that the Treasury secretary used as an argument in favor of the strength of the national currency. Arabia ... Read more

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US Treasury Secretary Bessent highlights strong foreign demand for US assets

Strong foreign demand for US assets underscores global confidence in US economic stability, influencing international capital flows and market dynamics.

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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Sunday, September 20, 2026.
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