The Guardian · US news · Original story
US Treasury’s Scott Bessent ‘will lose’ battle with bond markets, former mentor warns
Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller
Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor.
The billionaire investor Stanley Druckenmiller, who worked with Bessent at George Soros’s fund management firm in the 1990s, has warned that his former pupil is courting danger by trying to suppress US bond yields.
Continue reading...
Graeme Wearden · Tue, Aug 25, 2026, 2:59 AM
US news | The Guardian
Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller
Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor.
The billionaire investor Stanley Druckenmiller, who worked with Bessent at George Soros’s fund management firm in the 1990s, has warned that his former pupil is courting danger by trying to suppress US bond yields.
Continue reading...This page shows an excerpt; reporting belongs to the original publisher. Some images or embeds may be omitted compared with the live article.
← More stories · Front page
