According to CoinMeta, and as reported by Bloomberg, billionaire investor Stanley Druckenmiller stated that his student, U.S. Treasury Secretary Scott Bessent, made a mistake in the bond market. Bessent recently pledged to increase purchases of long-term bonds, a move widely seen as an attempt to lower yields in the world's most important debt market. Jason Trent, Chairman and CEO of Strategas Research Partners, discussed Bessent's focus on yields, as well as expectations regarding the Jackson Hole Conference and the Federal Reserve.