Druckenmiller Criticizes Bessent's Bond Market Intervention
Billionaire investor Stanley Druckenmiller, a former mentor to Treasury Secretary Scott Bessent, publicly criticized Bessent's strategy of interfering with bond markets, calling the bond buybacks a mistake. Bessent, however, defended his plan while stopping short of announcing new bond measures.
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Druckenmiller, Bessent’s Early Mentor, Calls Bond Buys a Mistake
Stanley Druckenmiller, the billionaire investor who mentored Scott Bessent in his early career as a hedge fund trader, called the Treasury secretary’s plan to spend billions buying back US bonds a mistake.
By Matthew Thomas
Read full article →US Treasury’s Scott Bessent ‘making mistake’ interfering with bond markets, former mentor warns
Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor. Billionaire investor Stanley Druckenmiller, who worked with Bessent at George Soros’s fund management firm in the 1990s, has warned that his former pupil is courting danger by trying to suppress US bond yields. Conti...
By Graeme Wearden
Read full article →Why Stan Druckenmiller Is Right About the Bond Market—and Warsh Knows It - Barron's
Why Stan Druckenmiller Is Right About the Bond Market—and Warsh Knows It Barron's
Read full article →He once mentored Scott Bessent. Now Stanley Druckenmiller is criticizing the treasury secretary.
Treasury Secretary Scott Bessent’s recent maneuvers in the bond market have come in for some searing criticism from illustrious investor Stanley Druckenmiller — his long-time ally and mentor.
By Jules Rimmer
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