Ackman, Gross Abandon Bearish Bond View With Yields Bouncing Off 5%
- Ackman covers Treasuries short, cites signs of slowing economy
- Bill Gross buys short-term rates futures, predicts recession
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Some of the market’s most prominent bond bears are saying the historic rout in US Treasuries has gone too far.
Billionaire investor Bill Ackman wrote in a social media post Monday that he unwound his bet against US government bonds amid rising global risks, while Bill Gross, co-founder of Pacific Investment Management Co., wrote that he’s buying short-dated interest-rate futures in anticipation of a recession by year-end.