Legendary trader Stanley Druckenmiller slammed dovish Federal Reserve members at a closed-door Wall Street meeting on Thursday, stating that interest rate cuts are "no longer necessary" and directly calling the Fed members' repeated claims that the federal funds rate is restrictive "simply ridiculous." He believes bond yields are "low at best." On the same day, the 30-year US government bond yield rose 7 basis points to 5.36%, reaching its highest level since 2007; the 10-year government bond yield is approaching the 5% mark.