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Druckenmiller, Bessent’s Early Mentor, Calls Bond Buys a Mistake
Stanley Druckenmiller called the Treasury secretary’s plan to spend billions buying back US bonds a mistake. The critique was made by Druckenmiller, who is also noted as having mentored Scott Bessent early in his career as a hedge fund trader.
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Adjacent reporting
- Is Bessent Facing a Bond Market Credibility Issue?
- Dollar Risks Becoming Biggest Loser From Bessent’s Bond Buying
- Wall Street is bemused by Bessent’s bond plan and the unwinding punt on the Japanese yen—he’s hinting he knows something the markets don’t
- Bessent seen rebuffing Wall Street on guidance for U.S. debt sales