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Buffett and Ackman Hate U.S. Bonds and the Losses Are Piling Up

By Tony Seruga

Bill Ackman, Founder and Chief Executive Officer of Pershing Square Capital Management LP, speaks during the 20th Annual Sohn Investment Conference in New York, on May 4, 2015. Photographer: Andrew Harrer/Bloomberg

It’s taken just two weeks for U.S. government-bond investors to lose $195 billion.

Nothing materially changed in the outlook for global growth, and another Federal Reserve meeting came and went without anything particularly noteworthy happening.

So, why all the losses?

It may just be the growing discontent with how low yields have gotten, and the sense that it can’t last too much longer with an economy that’s showing signs of life as oil rebounds…

Buffett and Ackman Hate U.S. Bonds and the Losses Are Piling Up

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