Bessent vs Druckenmiller on Bond Buybacks | Raleigh News

Treasury Secretary Scott Bessent fires back at billionaire mentor Stanley Druckenmiller, who called the Treasury’s bond-buyback plan a “mistake,” as yields climb and borrowing costs soar. Bessent counters by highlighting the bond market’s strong performance since Trump took office and jokes that Druckenmiller might’ve lost money the day he criticized the move. While Druckenmiller sees the buybacks as kicking the can down the road, Bessent insists his job is to stabilize markets—not set prices—and ensure policy isn’t dictated by Wall Street. The Treasury’s strategy involves massive purchases of long-term debt to smooth trading, not reduce national debt. Meanwhile, Druckenmiller himself is making bold bets—boosting Amazon by 1,000%, adding Alphabet, and reshuffling semiconductor and crypto-mining positions—all while inflation and Fed rate fears keep pushing yields higher.

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