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as I seem to have stumbled into another FMG thread, with added benefit of being blocked by erstwhile resident genius over90kg , so things make even less sense (or, possibly, more), here's another snippet:.Bill Ackman of Pershing Square tweeted last week that he’s shorting long-term US government bonds, partly because he expects “persistent” inflation of around 3 per cent.This, he argues, would imply a 5.5 per cent yield on US 30-year bonds (they yield 4.2 per cent at present). In turn, this higher yield suggests further steep declines in bond prices.What’s more, Ackman warns, this repricing “can happen soon”. “There are many times in history where the bond market reprices the long end of the curve in a matter of weeks, and this seems like one of those times.”
as I seem to have stumbled into another FMG thread, with added benefit of being blocked by erstwhile resident genius over90kg , so things make even less sense (or, possibly, more), here's another snippet:
.
Bill Ackman of Pershing Square tweeted last week that he’s shorting long-term US government bonds, partly because he expects “persistent” inflation of around 3 per cent.
This, he argues, would imply a 5.5 per cent yield on US 30-year bonds (they yield 4.2 per cent at present). In turn, this higher yield suggests further steep declines in bond prices.
What’s more, Ackman warns, this repricing “can happen soon”. “There are many times in history where the bond market reprices the long end of the curve in a matter of weeks, and this seems like one of those times.”
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