US-Bondmarkt: Streit um US-Anleiherückkäufe: Bessent weist Kritik seines ehemaligen Mentors zurück
US-Finanzminister Scott Bessent verteidigt die Ausweitung des Rückkaufprogramms für US-Staatsanleihen und wehrt sich gegen Kritik des Investors Stanley Druckenmiller.
American Treasury Secretary Scott Bessent addressed criticism over the planned repurchase program for US Treasury bonds. Speaking to CNBC on Monday, Bessent stated that he had spoken with his former mentor, investor and billionaire Stanley Druckenmiller. Druckenmiller had harshly criticized the Treasury Department's plan to double its bond buybacks in a "Wall Street Journal" article.
He argued that policymakers should let the bond market work on its own after the Treasury announced a surprise expansion of its repurchase program for outstanding securities. Even in February, the investor lavished praise on his former employees, praising Fed Chair Kevin Warsh for his work with his hedge fund Duquesne Capital. Druckenmiller, who had worked with Bessent in the Treasury Department and the Fed, had a less flattering assessment of Bessent after Bessent's intervention in the bond market.
"Governments defending prices against fundamental factors lose every time," Druckenmiller wrote in the "Wall Street Journal".
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