Bessent says he has 'asymmetric information' in yen intervention
Treasury Secretary Scott Bessent said he has 'asymmetric information' and is 'the house now' when intervening in the Japanese yen, drawing criticism from Wall Street figures.
S. bond yields. The initiative has drawn sharp criticism from Wall Street figures. ” Bessent’s former mentor, billionaire investor Stanley Druckenmiller, echoed this sentiment, recently publishing a Wall Street Journal op-ed slamming the Secretary for attempting to manually lower yields.
Call it what it is — Activist Treasury Buybacks. — Bob Elliott (@BobEUnlimited) September 9, 2026 Read Also: Treasury Just Doubled Its Bond Buybacks: What That Can and Can't Fix ‘I Am The House’ The criticism follows Bessent’s Tuesday appearance at the SMU Cox School of Business in Dallas, where he boldly warned traders not to challenge his separate efforts to strengthen the Japanese yen. “Whenever people say, ‘Oh, well, Treasury Secretary is taking a risk’ — well, it’s my dream; I have asymmetric information,” Bessent stated during an interview moderated by Ray Washburn.
“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,” Bessent said. ” Market Fragility The buyback announcement is expected to potentially double initial estimates to $8 billion or more. The measure is closely watched by investors, as the previous announcement sparked a 20% surge in Bitcoin and impacted gold. However, analysts warn the strategy could force the Treasury into a cycle of endless market support.
Craig Shapiro noted that while a large buyback flattens the yield curve, the broader economic regime remains fragile. “My prediction is that whatever he decides this time, he will be forced to do more at the next buyback,” Shapiro stated. ” Live shot of @SecScottBessent at 11am this morning when he announces the size of the maximum amount of long end USTs to buyback from the market tomorrow. Trust him, it will be enough is what he is telling markets but will it.
He says at least $4bn. com/BxfmsdN4wv — Craig Shapiro (@ces921) September 9, 2026 How Have Stocks and Bonds Performed? 41%. S.
20 on Tuesday. 40% over the last year. 88% year-to-date. 10% YTD.
On Tuesday, the SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 and Nasdaq-100, respectively, closed lower. 36. 03. 55%.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Read Also: Scott Bessent Predicted a Potentially Gold-Backed Renminbi in 2023: Now, China Has Quietly Acquired ‘Far More Gold’ Than Reported Image via Shutterstock