Ackman's Tweets Shift Treasury Market After His Bet Against Bonds

Bill Ackman bet against Treasuries in August, declaring the market was off the rails. This pushed yields higher as others followed his lead.

On Monday, Ackman changed course with 3 tweets saying there was too much risk and inflation was easing.

His 31 words sent Treasury markets rebounding, with 30-year yields dropping 0.11% in a day.

Ackman has a history of moving markets for profit with big bets and media appearances. He made $2.6B shorting markets early in the pandemic.

Now the question is how much Ackman made on his Treasury bet and whether anyone will keep following him after his quick change of heart.