Druckenmiller Warns Former Protégé Bessent Against Manipulating Bond Yields

Billionaire Stanley Druckenmiller told Treasury Secretary Scott Bessent — once his deputy at Soros's fund — that bond buybacks to suppress yields are "price management." Bessent doubled buybacks to $4bn. With U.S. debt at $40tn, Druckenmiller wants deficit cuts, calling long-term yields the last fiscal disciplinarian left.