Yellen: We have not seen an impact on the Treasury market from the ICBC attack

Yesterday’s poor 30-year Treasury auction reverberated through the market but later in the day, many people were arguing that it should be ignored because a ransomware attack kept China’s largest bank — ICBC — out of bidding.

Yellen now says there was no impact on the Treasury market from the attack. Could she mean that there’s been no direct impact?

Whatever happened, US 30-year yields are back to where they were before the sale.

This article was written by Adam Button at

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