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

Wednesday, August 26, 2026 - 10:57
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Short Squeeze in US Swaps, Options Shows ‘Bessent Put’ at Work
Treasury Secretary Scott Bessent’s surprise plan to tamp down US borrowing costs by expanding bond buybacks may have sparked fierce debate about its ultimate effectiveness, but key market metrics and positioning show that it’s having an impact.

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