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Piero Cingari

Hedge Fund Billionaire Bill Ackman Bets Against Long-Term U.S. Treasuries, Predicts 5.5% Yields

Bill Ackman US Treasury United States Direxion Daily

Billionaire hedge fund manager Bill Ackman is shorting long-term U.S. Treasuries, specifically targeting the 30-year maturity. GETTY IMAGES

Billionaire hedge fund manager Bill Ackman is shorting long-term U.S. Treasuries, specifically targeting the 30-year maturity. His prediction: yields could skyrocket to 5.5%.

But why is he making such a high-stakes bet?

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