Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › US Treasury’s Scott Bessent ‘making mistake’ interfering...
Business & Finance

US Treasury’s Scott Bessent ‘making mistake’ interfering with bond markets, former mentor warns

The Guardian Business Tuesday 25 August 2026, 06:57 UTC By Graeme Wearden 1 min read
Key Points

Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley DruckenmillerScott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor. Billionaire investor Stanley Druckenmiller, who worked with Bessent at George Soros’s fund management firm in the 1990s, has warned that his former pupil is courting danger by trying to suppress US bond yields.

Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller

Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor.

Billionaire investor Stanley Druckenmiller, who worked with Bessent at George Soros’s fund management firm in the 1990s, has warned that his former pupil is courting danger by trying to suppress US bond yields.

Continue reading...
US Treasury’s (ORG) Scott Bessent (PERSON) Trump (ORG) Stanley DruckenmillerScott Bessent’s (PERSON) America (LOCATION) US (LOCATION) Treasury (ORG) Stanley Druckenmiller (PERSON) Bessent (PERSON) George Soros’s (PERSON)
Originally published by The Guardian Business Read original →

Related Stories

Horizons Middle East & Africa 8/25/2026 (Video)

Bloomberg Markets 21m ago

Ireland’s AIB Turns to Santander for SRT Tied to Project Finance

Ireland’s AIB Turns to Santander for SRT Tied to Project Finance AIB Group Plc is working with Banco Santander SA and Howden Group on a significant risk transfer as the Irish lender expands the use of the hedging instrument across its loan book. The Dublin-based bank, its advisers and potential investors are discussing an SRT tied to about €2.5 billion ($2.9 billion) of project finance transactions, according to people familiar with the matter. The deal is set to be completed later this...

Bloomberg Markets 25m ago

What to know about Trump's tariffs on Canada and the escalating trade war

What to know about Trump's tariffs on Canada and the escalating trade war Canada plans to respond to US President Donald Trump's new tariffs on Tuesday, as the once close neighbouring allies spiral into a trade war. Ottawa and Washington failed to reach a deal on Friday to avert new 50 percent US tariffs on select Canadian goods after weeks of talks. Canada will announce retaliatory tariffs against the United States on Tuesday after US President Donald Trump told Canadian leaders on Monday...

France 24 34m ago

European Stocks Advance as Oil Prices Drop; Siemens Energy Up

European Stocks Advance as Oil Prices Drop; Siemens Energy Up European stocks gained as a pullback in oil prices offered some relief from inflation concerns and bond-market pressures that have weighed on the region in recent sessions. The Stoxx Europe 600 rose 0.3% as of 8:17 a.m. in London. Brent crude traded around $91 a barrel, down from Friday’s high of $95, after fresh US pressure on Iran stopped short of material new measures.

Bloomberg Markets 37m ago