Traders Brush Aside Scott Bessent’s ‘Bet Against Me’ Tough Talk - Bloomberg.com — SkimNews
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- Scott Bessent announced a longer-dated Treasury bond repurchase of up to $6 billion and publicly dared investors to short the yen, declaring 'I am the house now'
- Traders brushed aside Bessent's tough talk despite the yen short dare and bond repurchase announcement, per Bloomberg's headline
Why it matters: Bessent paired jawboning with a $6 billion bond repurchase to influence yen and debt markets, but traders disregarded the posturing. The gap between official action and market response means the Treasury spent $6 billion in buybacks and public credibility without moving traders.
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