Druckenmiller Criticizes Treasury Secretary Bessent's Bond Market Intervention
Billionaire investor Stanley Druckenmiller, a former mentor to Treasury Secretary Scott Bessent, has publicly criticized Bessent's interference with the bond market, warning that such actions are a mistake. Bessent, however, defended his buyback plan while stopping short of new bond measures.
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Bessent’s Mentor Druckenmiller Calls Bond Buying a Mistake
Stanley Druckenmiller, the billionaire investor who mentored US Treasury Secretary Scott Bessent in his early career as a hedge fund trader, suggested his former pupil is making a mistake by wading into the bond market. Bessent has recently pledged to increase the Treasury’s purchases of long-dated bonds, a move widely seen as an attempt to push down yields in the world’s most important debt market. Jason Trennert, Chairman and CEO at Strategas Research Partners, discusses US Treasury Secreta...
Read full article →The Heat on Treasury Secretary Scott Bessent Grows
Treasury Secretary Scott Bessent’s plans to intervene in bond markets has drawn widespread criticism, including from a prominent former mentor.
By Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe and Sri Muppidi
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
Read full article →Scott Bessent's Bond Plan 'Won't Work,' Citi Economist Says: US Fiscal Position Is 'Absolutely Out of Control'
Read full article →Treasuries Gain as Oil Drop Eases Pressure on Inflation, Bessent
Treasuries gained as a decline in crude oil eased inflation concerns and the pressure on Treasury Secretary Scott Bessent, who has been moving to halt a months-long selloff that pushed the longest-dated yields to the highest in almost two decades.
By Ye Xie
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