Bill Ackman Says He Covered His Short Bet on US Treasuries
- Ackman disclosed bet against 30-year Treasuries in August
- Long-term yields decline after earlier hitting 2007 high
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Billionaire investor Bill Ackman said he covered his short bet on US Treasuries, noting “there is too much risk in the world to remain short bonds at current long-term rates.”
“The economy is slowing faster than recent data suggests,” the Pershing Square Capital Management founder wrote in a post on X, the platform formerly known as Twitter.