BUSINESSBLOOMBERG
Hedge Funds Ramp Up Dollar Shorts Ahead of Bessent’s Fiscal Plan
Hedge funds are increasing bearish bets on the dollar while awaiting details regarding Treasury Secretary Scott Bessent’s new fiscal plan. This anticipation is driven by efforts to address the highest borrowing costs seen in years.
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Adjacent reporting
- Dollar Risks Becoming Biggest Loser From Bessent’s Bond Buying
- How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall
- Wall Street is bemused by Bessent’s bond plan and the unwinding punt on the Japanese yen—he’s hinting he knows something the markets don’t
- Hedge Funds Beef Up Bearish Dollar Bets as Haven Demand Sinks
- Hedge Funds Pivot to Bearish Dollar Bets as Peace Hopes Build