https://gyokuro.dev/en/tags/cftc/ Recent content in CFTC on Gyokuro Time https://gyokuro.dev/images/gyokuro-avatar.png https://gyokuro.dev/images/gyokuro-avatar.png Hugo -- 0.147.4 en Sun, 05 Apr 2026 14:00:00 +0900 https://gyokuro.dev/en/posts/gamma-secretary/ Sun, 05 Apr 2026 14:00:00 +0900 https://gyokuro.dev/en/posts/gamma-secretary/ Scott Bessent is not predicting where yields will go. He is reshaping the gamma surface of the markets he needs to manage. The same logic, applied at the scale of Treasury policy.