Prof G Markets · Friday, September 11, 2026
Treasury Secretary Scott Besson's attempt to lower long-term borrowing costs through Treasury bond buybacks was unsuccessful, drawing criticism from Wall Street investors. The 30-year Treasury yield recently hit its highest point since before the financial crisis.
“As we've discussed, Treasury Secretary Scott Besson tried to bring down long-term borrowing costs by buying back Treasury bonds, but the effort failed to move yields lower and instead drew criticism from investors across Wall Street, including Stanley Druckenmiller, who was once his mentor.”
“So, while the stock market has largely shrugged off Trump's policies, the bond market is actively speaking out against them.”