Fox Business Reporter: Benson's intervention in the bond market triggers friction with Federal Reserve Chairman Kevin Walsh

Fox business reporter Charlie Gasparino pointed out that Besant tried to reduce the yield of 10-year US bonds to around 4.3% through the treasury bond bond repurchase and restructuring of bond issuance, in order to gain leverage in the mid-term elections. CTA and trend tracking strategy funds have short positions in the global bond market, measured at approximately $155 million in DV01. If prices rise, the replenishment scale can reach $150 million in DV01. After the Ministry of Finance used $954 billion in TGA funds, the yield fell briefly. Besant's intervention has displeased Federal Reserve Chairman Kevin Walsh and cooled his willingness to reduce the Fed's balance sheet.