US Treasury’s Scott Bessent ‘will lose’ battle with bond markets, former mentor warns
Treasury Secretary Scott Bessent claimed he has special knowledge about bond markets and launched a program to buy back government debt. When bond prices fell anyway, his former mentor Stanley Druckenmiller publicly criticized the plan, raising concerns among investors about whether the strategy will work and potentially conflict with the Federal Reserve's inflation goals.
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The story so far
3 developments- Aug 21Only center coverage:Scott Bessent’s Bond-Market Rescue Worked Better for Bitcoin Than It Did for Treasuries
- Aug 23Bessent’s bond market move draws fire from investors
- Aug 25Bessent mentor Druckenmiller pans bond buybacks
Who covered each development
No new developments
Quiet for 35 daysLast development · Aug 25 — Bessent mentor Druckenmiller pans bond buybacks
The bigger story
This story is one of several related ones. Here's where it sits.
Left
3 viewpointsDruckenmiller slammed Bessent's bond buyback plan as "price management" doomed to fail
Center
3 viewpointsRight
1 viewpointOther outlets
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1 articleUS Treasury’s Scott Bessent ‘will lose’ battle with bond markets, former mentor warns
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