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Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller
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Global — Graeme Wearden
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.
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.
This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →
Source: The Guardian · Graeme Wearden. Published 25 Aug 2026, 09:59 am.
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