Bessent Defends Bond Moves Amid Mentor Pushback | Business and Finance News

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Recorded01 Sep 2026

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Treasury Secretary Scott Bessent is standing firm on the administration’s bold bond market moves, even as his own mentor, Stanley Druckenmiller, publicly criticized them. Bessent counters that U.S. bonds have outperformed globally since the president took office and that yields haven’t surged like elsewhere — despite Druckenmiller’s claim that the Treasury’s debt repurchase program only delayed inevitable problems. After a post-op-ed chat, Bessent playfully hinted Druckenmiller might’ve lost money that day and admitted his mentor’s views shift often. Bessent insists he’s focused on fundamentals, not market noise, and dismisses hedge fund urgency — while also signaling the debt buyback program could grow far beyond the initial $4 billion. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/21bc74d0e76d0a70

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