Treasury's Bessent to detail bond buyback plan, warns FX traders
US Treasury Secretary Scott Bessent is set to reveal details of a bond buyback plan while warning foreign exchange traders that he is now central to the market, according to CNBC.
The US Treasury Department is expected to announce around 11 a.m. the size of a bond buyback operation it first announced on August 19, CNBC reported.
CNBC reported that Treasury Secretary Scott Bessent has warned foreign exchange traders that he is now a dominant factor in the market, describing himself as "the house now."
Sources
- Bessent bond plan details to be revealed as Treasury secretary warns FX traders he's 'the house now' — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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