🚨 Treasury Secretary Bessent just claimed “asymmetric information” the bond market doesn’t have.
“Do we know something the market doesn’t? I think the market’s probably gotten a little ahead of itself.”
What he revealed:
• Buybacks could go beyond $4 billion per operation
• “There’s nothing magic” about the $40 trillion debt number
• The deficit has likely already peaked
• A new fiscal consolidation plan drops this week
• The U.S. joined Japan’s yen intervention because “we know something the market doesn’t”
The Treasury is signaling hard.
#Bessent #Treasury #BondMarket #USDebt #Economy
“Do we know something the market doesn’t? I think the market’s probably gotten a little ahead of itself.”
What he revealed:
• Buybacks could go beyond $4 billion per operation
• “There’s nothing magic” about the $40 trillion debt number
• The deficit has likely already peaked
• A new fiscal consolidation plan drops this week
• The U.S. joined Japan’s yen intervention because “we know something the market doesn’t”
The Treasury is signaling hard.
#Bessent #Treasury #BondMarket #USDebt #Economy