Billionaire investor Stanley Druckenmiller said Scott Bessent's involvement in the bond market was a mistake. When Baycent worked as a hedge fund trader in his early years, he was directed by Druckenmiller. US Treasury Secretary Bezent recently promised to increase the scale of the Treasury's repurchases of long-term government bonds to reduce yields. This move is widely viewed as an attempt to reduce yields in the world's most important bond market. If effective, this will help control financing costs for businesses and may boost economic growth. But Druckenmiller pointed out in a review that policymakers should let the bond market play its role and reviewed the lessons he learned during his time as a hedge fund manager.

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