Stanley Druckenmiller says US borrowing costs are still low, predicts 10-year yield will hit 5.50%

Stanley Druckenmiller, one of the most successful macro investors of the past four decades, published an op-ed in the Financial Times arguing that US borrowing costs remain low by historical standards and that attempts to artificially suppress long-term yields are a mistake. His core prediction: the 10-year Treasury yield, currently hovering around 4.7%...