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Treasury Secretary Bessent readies fiscal consolidation amid rising debt and market competition
El FinancieroLO·US·1 day ago
Billionaire investor Stanley Druckenmiller has publicly criticized US Treasury Secretary Scott Bessent for attempting to suppress bond yields, arguing that fiscal deficit reduction is the necessary path for market stability. The critique highlights a growing tension between market-based yield discovery and potential Treasury interventionism, raising uncertainty regarding the sustainability of current US debt management policies.
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