Bessent Threatens ‘I Am The House’: Bond Traders Should Listen
At a speech Tuesday night at SMU, Treasury Secretary Scott Bessent threatened currency traders to bet against him on the Japanese yen, claiming, I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do ... And you can bet against me if you want. While Bessent aimed his threatening comments at yen currency traders, the media is taking notice and presuming the words were also directed at the US Treasury markets. Interestingly, Bessent's verbal and physical…
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