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…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
