Traders Brush Aside Scott Bessent’s ‘Bet Against Me’ Tough Talk - Bloomberg.com — SkimNews
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- Scott Bessent issued 'Bet Against Me' and 'I am the house now' rhetoric daring investors to short the yen, alongside a Treasury announcement of a longer-dated bond repurchase of up to $6 billion.
- Traders brushed aside Bessent's tough talk despite the Treasury's market intervention, per Bloomberg, while the FT surfaced the unresolved question of whether high bond yields will crack stocks.
Why it matters: Bessent is pairing public jawboning with balance-sheet action, but if traders aren't crediting his tough talk, the $6 billion repurchase signals resolve without moving market pricing — leaving the bond-yield-versus-stocks tension as the dominant macro question, per the FT's framing.
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