“We think this is much more suited to the type of tactical guerilla operation to catch shorts off-guard, impose losses and create a perception of two-sided risk that may slow down a fundamentals-driven move in yields and prevent overshooting – the smoothing version,”

Krishna Guha · said date not stated · reported 2026-08-20

Guha described the 'Bessent put' as a tactical operation to catch short sellers off guard and reduce yield overshoot.