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Shares of banks and other financial institutions slipped as Treasury yields and interest rates remained in focus. The Fed's annual Jackson Hole meeting takes...
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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. The Federal Reserve has raised interest rates aggressively to curb inflation and signaled last month that it is keeping its options open after having raised rates by a quarter point to their highest level since 2001. Ackman, once one of Wall Street's most voluble investors who cemented his reputation as an activist investor by pushing f...
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Pershing Square Capital Management head calls it both a hedge on the impact of higher long-term rates on stocks and a good standalone bet
Billionaire investor William Ackman stated that his hedge fund, Pershing Square Capital Management, has taken a position against U.S. 30-year Treasuries. He…