Coin Bureau|Aug 20, 2026 21:31
JUST IN: 🇺🇸 Treasury Secretary Bessent says he has "asymmetric information" the bond market doesn't have.
"Do we know something the market doesn't? I think the market's probably gotten a little ahead of itself."
Here's what he revealed:
- Buybacks could go BEYOND $4 BILLION per operation
- "There's nothing magic" about the $40 TRILLION debt number
- Deficit has likely already peaked under this administration
- A new fiscal consolidation plan drops this week
- The Treasury joined Japan's yen intervention because "we know something the market doesn't"(Coin Bureau)
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