Treas. Sec Yellen in testimony to Senate Appropriations Committee:
- The treasury never tries to time market in debt management
- Issuance of treasury bills is in line with historical averages.
- We have seen an increase in exports to Russian from China, including dual use goods that can be used to aid Russia’s military
- US need to coordinate Russia sanctions efforts with allies.
- US is continuing to take sanctions against Iran. It is difficult for sanctions to curb shadown fleet of oil tankers.
This article was written by Greg Michalowski at www.forexlive.com.
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