Druckenmiller warns Bessent will lose battle with bond markets

Billionaire investor Stanley Druckenmiller, who mentored Treasury Secretary Scott Bessent at George Soros's fund in the 1990s, has warned his former pupil against trying to suppress US bond yields. Druckenmiller argues Bessent should instead focus on cutting the budget deficit, saying the bond markets will ultimately prevail. The warning adds pressure on the Trump administration's approach to managing America's borrowing costs.

Similar stories

📈 Business Bessent's credibility at stake as he tries to calm markets before midterms NYT Business · 12h ago 📈 Business Druckenmiller: US Treasury's bond buyback plan fights the market and heightens danger CoinDesk · 1d ago 📈 Business Bessent: US budget deficit under Trump has likely peaked CNBC · 6d ago