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Treasury Secretary Bessent Defends U.S. Bond Intervention Against Druckenmiller's Criticism
U.S. Treasury Secretary Scott Bessent defended his U.S. bond-market intervention after criticism from veteran investor Stanley Druckenmiller. Bessent suggested Druckenmiller "lost money" around the time he submitted his critical op-ed, and highlighted that U.S. bonds have been the best-performing market since President Trump took office.
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