Former US Treasury Secretary Yellen: Trump policies weaken trust in the US and dollar assets

According to a report by Golden Finance, former US Treasury Secretary Yellen said on Monday that she is concerned that President Trump's tariffs and other policies are weakening allies' trust in US commitments, and some investors are starting to avoid US assets. Yellen told the media that the surge in US bond yields last week was worrying, and considering the status of US bonds as a traditional safe haven asset, this situation has raised questions about the safety of the "cornerstone of the global financial system - US bonds". Yellen said she was pleased to see good results from last week's 10-year and 30-year Treasury auctions, but she does not recommend shifting to issuing more short-term bonds to cope with the rise in long-term bond yields. She added that it is very important to issue bonds regularly and unpredictably to meet market demand. She said, "So, I don't think it's a wise financing strategy to turn to short-term bond issuance just because you feel uneasy about the rise in long-term interest rates