Bessent tapping Treasury’s rainy-day fund for buybacks isn’t a ‘bazooka’ to get markets to move his way

Bessent’s move “does not change anything. It just reduces the cash that Treasury has on deposit,” one analyst says.

Source: [MarketWatch](https://www.marketwatch.com/story/bessent-tapping-treasurys-rainy-day-fund-for-buybacks-isnt-a-bazooka-to-get-markets-to-move-his-way-705ca356?mod=mw_rss_topstories)