Ackman Sees Long-Term Rates Rising Further, Remains Short Bonds
This article is for subscribers only.
Bill Ackman remains short bonds and expects long-term rates to rise further amid increasing government debt, higher energy prices and the cost of shifting to green power.
“The long-term inflation rate plus the real rate of interest plus term premium suggests that 5.5% is an appropriate yield for 30-year Treasurys,” Ackman, the billionaire founder of Pershing Square Capital Management, posted on X, the social platform formerly known as Twitter.