US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd

Says: US bond market is performing better than others. Now trying to slow things down in the bond market. Can use US balance sheet for foreign policy and refers to his support for the Argentine Peso last year. He has good insight when they intervene on yen. Bet against him if you want and that he has information. Have good insight into what the BoJ and policymakers will do.