Buffett and Ackman Hate U.S. Bonds and the Losses Are Piling Up
William 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. Photographer: Andrew Harrer/Bloomberg
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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.