<p>Prominent investor Druckenmiller criticizes US Treasury Secretary Scott Bessent for using Treasury buybacks to suppress yields, stating that market prices are the only fiscal discipline</p>
Prominent investor Stanley Druckenmiller, via a retweet from Nick Timiraos, expressed his displeasure with U.S. Treasury Secretary Scott Bessent's use of Treasury buybacks to combat higher yields in a normally functioning market. Druckenmiller pointed out that long-term U.S. Treasury yields are the most important price in the world and the only remaining fiscal discipline in the U.S. He believes that any artificial yield suppression is a subsidy for procrastination and called on the Treasury to honestly schedule debt maturities and pay the market-set price, thereby durably lowering long-term yields by addressing the primary deficit.
Source:X@NickTimiraos · Source Link
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