Bill Ackman Has Stopped Betting Against Bonds

Bill Ackman Has Stopped Betting Against Bonds
Carl Hazeley

4 months ago1 min

Mentioned in story

Legendary investor Bill Ackman is no longer betting that 30-year US Treasuries will fall in value. The founder and CEO of Pershing Square Capital Management said in a post on X (formerly Twitter) on Monday that he has "covered his short" on the long-dated US government bonds – one that made headlines this summer.

Ackman didn't say exactly when he covered the short, but he did say, "There is too much risk in the world to remain short on bonds at current long-term rates." Remember, if investors want to protect their portfolios amid uncertainty, buying US government bonds is a popular way to do so (and that demand would push prices up, all things being equal).

The timing of Ackman's post coincides with the yield on US 10-year Treasuries hitting 5% on Monday, its highest level since 2007.

You can hear firsthand what some of the icons of Wall Street – including JPMorgan CEO Jamie Dimon and hedge fund guru Ray Dalio – think about Treasuries and other markets at our Modern Investor Summit on December 5th and 6th. Get your free ticket now

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