He once mentored Scott Bessent. Now Stanley Druckenmiller is criticizing the treasury secretary.

Treasury Secretary Scott Bessent’s recent maneuvers in the bond market have come in for some searing criticism from illustrious investor Stanley Druckenmiller — his long-time ally and mentor.

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. Billionaire investor Stanley Druckenmill

The Trump administration last night announced an 'economic onslaught' against Iran with a new wave of sanctions targeting countries and firms that do business with it.

U.S. Treasury Secretary Scott Bessent on Monday announced an expansion of secondary sanctions it can impose on entities and countries that maintain business ties with Iran around the world as Washington significantly ratchets up economic pressure on Tehran with the war nearing its six-month mark.

US Treasury Secretary Scott Bessent announced what he called an “unprecedented” US campaign to sever Iran from the global economy. He says any country doing business with Iran could face US sanctions. Any country that facilitates money laundering for Iran could be removed from the US dollar system, he said during a pre

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

Watch live coverage as Secretary Scott Bessent holds a press conference detailing further sanctions against Iran.

The Trump administration calls this an "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."

"Any remaining tie to Tehran will hasten the economic ostracism of countries and entities, whether that tie be purposefully constructed or wilfully ignored."

Bessent said Tehran had relied on the expectation that Iranian retaliation was certain while US enforcement could be negotiated.

New analysis shows cost of reinstating system almost half that touted by the coalition.

U.S. Dollar Falls, Treasury Yields Edge Lower  WSJ

Long-term US Treasury yields climbed back above where they stood before Wednesday's buyback announcement, wiping out the relief that move had briefly delivered, and prompting US Treasury Secretary Scott Bessent to signal that Washington is ready to intervene even more aggressively.

Concerns over the Treasury Department's debt repurchase program continue to weigh on markets.

Global stocks set for biggest weekly fall since mid-July as bond yields, oil stay high  Reuters

U.S. bond yields are rarely a burning issue with the general public. But that’s changed this week as a spike in yields has hit the front pages and TV newscasts. Yields on 30-year U.S. Treasury bonds hit their highest point in almost two decades on Tuesday. The rise prompted Treasury Secretary Scott Bessent to step in w