Bill Ackman Stays Short On Bonds, Expects 30-Year Yields To Spike As The World Is Now 'A Structurally Different Place'
Portfolio Pulse from Shanthi Rexaline
Hedge fund manager Bill Ackman, founder of Pershing Square, has stated that his firm remains short on bonds, particularly 30-year bonds, due to expectations of rising long-term rates. Ackman cited factors such as the end of the peace dividend, rising worker and union bargaining power, and high national debt as reasons for his stance. He also criticized the non-filling of the Strategic Petroleum Reserve and the expensive transition to electric vehicles. The U.S. Treasury 30-Year Bond ETF (NASDAQ:UTHY) ended Thursday’s session down 2.40% at $43.65.
September 22, 2023 | 9:59 am
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Bill Ackman's expectation of rising long-term rates and his firm's short position on 30-year bonds could negatively impact the U.S. Treasury 30-Year Bond ETF (NASDAQ:UTHY).
Bill Ackman's expectation of rising long-term rates and his firm's short position on 30-year bonds could lead to increased selling pressure on the U.S. Treasury 30-Year Bond ETF (NASDAQ:UTHY), potentially driving its price down in the short term.
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