Bill Ackman's Bearish Bet Ends, US Treasury Yields Fall from 16-Year High

US Treasury yields have fallen from a 16-year high as billionaire investor Bill Ackman closed his bearish bet on the bonds. Ackman's decision to end his bet against Treasury yields contributed to the decline in yields, which had been rising due to concerns over inflation and the Federal Reserve's monetary policy. The move highlights the impact that influential investors can have on the bond market.