#BessentHearingSignals
About BessentHearingSignals
Secretary Bessent testified before the House on Sept 15, defending yen intervention, UST buybacks, and Trump's $5,000 check plan. He called US yen intervention 'symbolic', aimed at a stronger yen and reducing Japan's pressure to sell US assets. The 10-year UST yield hit 5.04%; the 10-year JGB yield hit a 30-year high. The $5,000 plan was called deficit-neutral with no disclosed funding source. Can Bessent's toolkit stabilize expectations, or amplify deficit, inflation, and rate pressure?
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#BessentHearingSignals Bessent is testing how far Treasury tools can shape markets 👀
He defended yen intervention and bond buybacks even as the 10-year yield crossed 5%, its highest since 2007. He also backed Trump's proposed $5,000 checks without detailing the funding mechanism. (Yahoo Finance)
What stands out is the tension: Treasury wants lower market stress while fiscal policy could add inflation pressure.
Markets may be asking whether these tools can manage symptoms faster
🎤 Discurso de Yellen: O que é que o mercado está à espera?
O testemunho anual da Secretária do Tesouro dos EUA, Yellen, esta noite às 22:00 perante o Comité de Serviços Financeiros da Câmara, intitulado "Estado do Sistema Financeiro Internacional." O rendimento atual dos títulos do Tesouro dos EUA a 10 anos ultrapassou os 5%, atingindo um máximo de quase 20 anos, e o mercado está a observar atentamente cada palavra que ela diz. 🎤 Discurso de Yellen: O que está o mercado à espera? O mercado está focado em saber se ela irá sinalizar novas direções relativamente à política fiscal, emissão e planos de recompra do Tesouro, gestão da dívida
Director Patrick Witt said the Clarity Act is about U.S. leadership in finance and innovation ⚡️
He said #Bitcoin and crypto is the "future of the financial infrastructure" 💯
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BREAKING
US Treasury Secretary Scott Bessent says "we aim to keep America crypto capital of the world."
$BTC
The funding gap matters more than the label.
Bessent defended yen intervention and Treasury buybacks, but calling the $5,000 check plan deficit-neutral without disclosing a funding source leaves a credibility test. My read: these tools could ease market strain, yet stabilizing rate expectations may depend more on a convincing fiscal account than on intervention itself.
#BessentHearingSignals
10Y 5.04% — highest since 2007
Treasury Sec Bessent 22:00 tonight
Fed hike 93% tomorrow
Buybacks $6B failed to hold yields
If Bessent signals deficit control → relief rally
If tolerates high rates → $BTC $ETH selloff continues
Hold cash before both events
#BTCSpotETF450MOutflow #BTCSpotETF450MOutflow
$BTC $ETH $ZEC