Bessent Dares Traders to Bet Against Yen: ‘I Am the House Now’
Treasury Secretary Scott Bessent publicly challenged currency traders to bet against his efforts to strengthen the Japanese yen, suggesting he has special influence over markets. He initially succeeded in helping lift the yen's value. However, his attempts to influence the much larger U.S. Treasury bond market have proven less effective, as yields continue rising toward 5 percent despite his stated positions.
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2 developments- Sep 8Bessent Dares Traders to Bet Against Yen: ‘I Am the House Now’
- Sep 10Scott Bessent dared the $32 trillion bond market with ‘I am the house now’ statement. It didn’t listen
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Quiet for 19 daysLast development · Sep 10 — Scott Bessent dared the $32 trillion bond market with ‘I am the house now’ statement. It didn’t listen
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1 viewpoint‘I am the house now’: Bessent warns currency traders not to bet against yen
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4 viewpointsScott Bessent dared the $32 trillion bond market with ‘I am the house now’ statement. It didn’t listen
‘I am the house now’: Scott Bessent dares currency markets to move against him