*BILLIONAIRE INVESTOR BILL ACKMAN SAYS HE IS SHORTING 30-YEAR TREASURIES 🇺🇸🇺🇸
NEW YORK - Billionaire investor William Ackman on Wednesday said his hedge fund Pershing Square Capital Management has placed a bet against U.S. 30-year Treasuries, calling it both a hedge on the impact of higher long-term rates on stocks and a good standalone bet.
"We are short in size the 30-year T," Ackman wrote on messaging platform X, formerly known as Twitter. He argued that if long-term inflation is 3% not 2%, the 30-year Treasury yield could rise to 5.5%, adding"and it can happen soon." On Wednesday, the yield on the 30-year Treasurys climbed to 4.16%, the highest close of the year.Ackman said higher defense costs, energy transition and the greater bargaining power of workers all point toward higher inflation.
Ackman, once one of Wall Street's most voluble investors who cemented his reputation as an activist investor by pushing for changes at companies ranging from Chipotle Mexican Grill (NYSE:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stocks fall, Treasuries gain after Fitch downgrades US rating By Reuters⚠️BREAKING: *GLOBAL STOCKS FALL, TREASURIES GAIN AFTER FITCH DOWNGRADES U.S. DEBT RATING
Lire la suite »
Asia Stocks to Fall as US Shares, Treasuries Drop: Markets WrapAsian equity futures fell after heavy selling in US stocks and long-dated Treasuries as investors digested data showing a hot US labor market that will keep pressure on the Federal Reserve to maintain restrictive policy.
Lire la suite »
Fitch Downgrade Lays Out Bear Case for Longer-Dated TreasuriesFitch Ratings’ decision to strip the US of its AAA credit ranking this week highlights the booming deficits that are at the heart of the bear case for Treasuries — even as some investors remain bullish
Lire la suite »
Billionaire investor Loeb cuts bearish bets to avoid short squeezes-letterBillionaire investor Daniel Loeb has reduced the size of short bets on single named companies to limit the vulnerability of his hedge fund, Third Point, to short squeezes, he said in a letter on Tuesday.
Lire la suite »
US job openings fall to more than two-year low in June By Reuters⚠️BREAKING: *US JOB OPENINGS FALL TO MORE THAN TWO-YEAR LOW IN JUNE 🇺🇸🇺🇸
Lire la suite »
S&P 500, Nasdaq end lower on first day of August in busy earnings week By Reuters⚠️BREAKING: *S&P 500, NASDAQ START AUGUST LOWER AHEAD OF BUSY EARNINGS WEEK $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Lire la suite »