23 Hrs
Source:
The Guardian
Ex-Treasury advisor warns Bessent’s bond interference
Stanley Druckenmiller, a former mentor to US Treasury secretary Scott Bessent, criticized Bessent’s efforts to suppress bond yields through increased bond purchases. Druckenmiller argued that the US should address rising borrowing costs by cutting the budget deficit rather than market interventions, warning that attempts to manipulate bond prices may be misguided. His comments come amid Bessent’s decision to double Treasury bond buybacks, which temporarily lowered yields but quickly reversed, highlighting concerns about market stability and fiscal discipline.
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