Bessent Credibility Crisis Grows as Mentor and Wall Street Push Back
Treasury Secretary Bessent's bond-buying plan is drawing sharp criticism from his former mentor and broader markets.
- Druckenmiller argues the...

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Treasury Secretary Bessent's bond-buying plan is drawing sharp criticism from his former mentor and broader markets.
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Treasury doubled long-dated buybacks to $4B after 30-year yields hit 19-year highs, but yields quickly reversed above pre-announcement levels.
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Treasury Secretary Bessent may draw from the near-$1T TGA to fund doubled long-bond buybacks, giving the Treasury direct firepower to ease yields...
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