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Druckenmiller, Bessent’s Early Mentor, Calls Bond Buys a Mistake
Source: Bloomberg
Fiscal Policy & BudgetSovereign Debt & RatingsInvestor Sentiment & Positioning
Stanley Druckenmiller criticized Treasury Secretary Scott Bessent’s plan to spend billions buying back US bonds, calling it a mistake. The comments add caution around the policy’s bond-market impact, though the article doesn’t cite specific auction terms or dollar/bps execution details.
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