America will regret Scott Bessent’s bond-market misadventures

But expect them to continue, so long as government debt stays high

Treasury Secretary Scott Bessent's mentor Stanley Druckenmiller says the Treasury's bond buying plan is a mistake. Bloomberg News Economy Editorial Director Erik Schatzker explains Druckenmiller's reasoning for calling out his mentee, and the implications of the Treasury Secretary's moves. Then, Balance of Power Co-Anc

August 25, 2026 8:53 AM ET Billionaire investor Stanley Druckenmiller, who mentored Treasury Secretary Scott Bessent during their years working together at George Soros’ hedge fund, warned Monday that the Treasury Department’s expanded bond-buyback program amounted to an attempt to manipulate prices and could undermine

Bessent, according to Wall Street executives who deal with him regularly, is particularly worried that traders will continue to pile into a trade on long dated treasuries that will send prices lower.

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 Drucken

"And any nation that serves as a financial artery of a withering regime should expect to share in its isolation."

The Wild Week When Scott Bessent Was Schooled by the Bond Market  WSJ