Bessent Is Trying to Push Bond Yields Lower. His Former Mentor Says It Won't Work.

Source: International Business Times

Billionaire investor Stanley Druckenmiller, founder of Duquesne Family Office and Bessent's former investing mentor, has emerged as one of the most prominent critics of the Treasury's expanding intervention in the bond market. Getty Images Treasury Secretary Scott Bessent's attempt to rein in long-term U. S.