Bill Ackman's Tweets Spark Treasury Bond Rout
TL;DR Summary
Billionaire investor Bill Ackman covered his short bet on US Treasuries, citing too much risk in the world and a slowing economy. His three tweets caused a reversal in the bond markets, with yields on 30-year Treasuries falling after reaching a 16-year low. Ackman had previously disclosed his bearish stance on long-term Treasuries, citing structural changes and a flood of bond supply. The yield curve between the two-year and 10-year Treasury is the steepest it has been since mid-July, and more Treasury auctions are expected this week.
- Who is Bill Ackman whose three tweets have started a rout in treasury bonds | Mint Mint
- We Covered Our Bond Short, Says Ackman Bloomberg Television
- Bill Ackman, Bill Gross comment on U.S. economy, bond market Yahoo Finance
- Bill Ackman Wins Even If This Treasury Rout Keeps Going Bloomberg
- Bill Ackman covers bet against Treasurys, says 'too much risk in the world' to bet against bonds CNBC
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