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Bessent bond plan details to be revealed as Treasury secretary warns FX traders he's 'the house now'
The department is expected to announce around 11 a.m. the size of a buyback operation it announced Aug. 19.
Summary
Markets are set to find out Wednesday just how aggressive the Treasury Department's bond-buying program will get, as Secretary Scott Bessent dared currency traders to challenge him. The department is expected to announce around 11 a.m. ET the size of a buyback operation it unveiled Aug. 19, an aggressive move and part of a broader strategy to keep a lid on Treasury yields and ensure markets function as intended.
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