Ackman said on Monday on X, "we covered our bond short" some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter.
"The economy is slowing faster than recent data suggests," Ackman said in the post, adding "There is too much risk in the world to remain short bonds at current long-term rates."
The yield on the 30-year Treasuries was around 4.16% when he announced his bet against them.
He said the Treasury yield, which moves in the opposite direction of prices, could rise to 5.5%.
But the conflict between Islamist group Hamas and Israel is unnerving investors and suggests Treasuries could become a safe investment option.
Persons:
Bill Ackman, Richard Brian, Ackman, Treasuries, Svea Herbst, Bayliss, Jonathan Oatis
Organizations:
Pershing Square Capital Management, REUTERS, Companies, Billionaire, U.S, Financial Times, Inc, Restaurant Brands, Canadian Pacific Kansas City Limited, Pershing Square, Treasury, Hamas, Svea, Thomson
Locations:
Las Vegas , Nevada, U.S, Israel