A financial market of this magnitude behaving like a speculative penny stock due to a single individual’s tweet about closing a position is a concerning and unhealthy sign for its stability and reliability.
https://twitter.com/RJRCapital/status/1716500529147212201
🚨BREAKING: BILL ACKMAN COVERED HIS BIG BOND SHORT!
“There is too much risk in the world to remain short bonds at current long-term rates” – Ackman https://t.co/tirya1YxdE
— Genevieve Roch-Decter, CFA (@GRDecter) October 23, 2023
The lesson of today: bond buyers step in when 10-year yields hit 5%. For now. https://t.co/G4clJW3WJJ pic.twitter.com/YIOiZC9gj8
— Lisa Abramowicz (@lisaabramowicz1) October 23, 2023