Billionaire Investors Druckenmiller and Ackman Shift to Buying Treasuries Amid Economic Slowdown Concerns
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Billionaire investor Stanley Druckenmiller bought 2-year Treasuries recently due to economic concerns.
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Druckenmiller maintains a short position on long-term bonds but is now net "long" fixed income.
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Bill Ackman recently covered a bearish bet on Treasuries due to worries about faster economic slowing.
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Long-term yields have been rising sharply, hitting 5% this month for the first time since before 2008.
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Higher long-term yields may accelerate an economic downturn by tightening credit availability.