Beisen Te: US bond buybacks are not quantitative easing, short sellers of the Japanese yen can take a gamble

US Treasury Secretary Besson stated that the expansion of the Treasury Department's repurchase of 10 to 20-year US Treasury bonds is aimed at stabilizing long-term yields and correcting bond market frenzy, rather than quantitative easing. Besent emphasized that the repurchase is a term structure adjustment, denied credit concerns, and stated that it has an information advantage in yen intervention and will counter yen bears. (Source: Breitbart News)