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"I am the house now:" The Treasury buyback and the Yen Today, the US Treasury is scheduled to announce the size of its expanded buyback program, designed to cool what Secretary Scott Bessent described as a “fever that was building” in the bond market. Ahead of the announcement, the Secretary dared traders to test his resolve on the Japanese yen—another front of recent market intervention—declaring, “I am the house now,” and pointing to the superior insights and information that he has compared to market participants. #economy #markets #bonds #debt #buyback #yen #intervention