Goldman Sachs Says Treasury Sell-Off Reflects Currency Defense, Not Global Flight From the Dollar - Tekedia

Goldman Sachs says recent foreign Treasury selling is more likely currency defense than a broad exit from U.S. assets.

Analysts point to Asian reserve managers selling dollars to support local currencies amid oil shocks and geopolitical stress.

Treasury market liquidity remains broadly stable, and U.S. bonds still benefit from market depth and investor trust.

The note suggests the move is temporary rather than evidence of a structural loss of confidence in dollar dominance.