🇺🇸NEW: Bessent’s mentor SLAMS Treasury bond buyback strategy. Legendary investor Stanley Druckenmiller, and mentor of Treasury Secretary Scott Bessent, is sharply criticizing Treasury’s push to buy long-dated bonds and suppress long-term yields in a new WSJ op-ed. Druckenmiller argues there is no clear market dysfunction requiring intervention and warns that artificially suppressing long-term yields could remove one of the last remaining sources of fiscal discipline for Washington. “The long-term Treasury yield is the MOST important price in the world. It is also the ONLY fiscal disciplinarian the U.S. has left.” “Every basis point of artificial yield suppression is a subsidy to procrastination.” He says that buybacks should remain small, scheduled liquidity operations, rather than becoming a tool to respond to rising yields. If the 30-year Treasury needs to trade at 5.5% to clear, “that isn’t a crisis. It is an invoice.” His message to Bessent is blunt: stop fighting the bond market and fix the underlying deficit instead.(Coin Bureau)