Bessent’s Mentor Druckenmiller Calls Bond Buying a Mistake

Stanley Druckenmiller, a billionaire investor who mentored US Treasury Secretary Scott Bessent, has criticized Bessent for increasing bond purchases, warning it could be a mistake. Bessent recently pledged to boost long-dated bond purchases in an effort to lower yields in the global debt market.

Sources

• Bloomberg — Bessent’s Mentor Druckenmiller Calls Bond Buying a Mistake

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