Billionaire investor: US Treasury buybacks hurt credibility
Billionaire investor Stanley Druckenmiller on Monday criticized the Treasury Department’s buyback expansion plan, arguing it represents an artificial attempt to interfere in the bond market. In a Wall Street Journal opinion piece, Druckenmiller noted bond yields dipped after the Treasury unveiled the plan on Wednesday but rose back to their previous levels the next day.…
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Billionaire investor Stanley Druckenmiller on Monday criticized the Treasury Department’s buyback expansion plan, arguing it represents an artificial attempt to interfere in the bond market. In a Wall Street Journal opinion piece, Druckenmiller noted bond yields dipped after the Treasury unveiled the plan on Wednesday but rose back to their previous levels the next day.…
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Original source: The Hill
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