Short Squeeze in US Swaps, Options Shows ‘Bessent Put’ at Work

Treasury Secretary Scott Bessent announced a plan to expand bond buybacks aimed at reducing US borrowing costs. Market positioning in swaps and options showed shifts following the announcement, according to market data analyzed by financial analysts. The plan prompted debate among economists and market participants about its long-term effectiveness. Bessent did not immediately disclose specific details about the timeline or scale of the expanded buyback program.

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