BOND VIGILANTES ARE IN WAR MODE WITH SCOTT BESSENT Today, the US Treasury announced it'll buy back $6B of its debt tomorrow, almost 3x higher than the usual $2B buybacks. But the market reacted badly to this news. Stocks, metals, and crypto dropped while the US 10Y bond yield spiked to a 34-month high. Scott Bessent has already said that his goal is to bring yields down, but traders are betting exactly opposite to him. Even his former colleague Druckenmiller said Treasury's yield curve control is bad in the long term. Now that Bessent's move has gone in the opposite direction, he might come up with even bigger buybacks to crush the bond shorts. And if that happens, Bitcoin and alts will pump hard.(Crypto Rover)