U.S. Treasury Secretary Janet Yellen: There is still a long way to go to increase the issuance scale of long-term U.S. Treasury bonds

U.S. Treasury Secretary Becerra stated that due to rising inflation and the Federal Reserve's quantitative tightening policy, it will take time to increase the issuance scale of long-term U.S. Treasury bonds. He criticized former Treasury Secretary Yellen for suppressing long-term Treasury bond sales to support the economy. Although Becerra believes that inflation will decline and support a drop in long-term Treasury bond yields, the Treasury Department maintains the quarterly refinancing scale of $125 billion for long-term bonds unchanged. The Federal Reserve's reduction in bond holdings has brought competition to the market, and Becerra pointed out that stopping the reduction of the balance sheet would help extend the duration of bonds