EconomyBessent’s Mentor Druckenmiller Calls Bond Buying a Mistake

Billionaire investor Stanley Druckenmiller, who mentored US Treasury Secretary Scott Bessent early in his hedge-fund trading career, suggested that his former pupil is erring by entering the bond market. Bessent recently pledged to expand Treasury purchases of long-dated bonds, widely viewed as an effort to reduce yields in the world’s most important debt market.

People in this report Scott Bessent