Bill Ackman says he's betting against 30-year Treasurys as a hedge against stubbornly high inflation

• Billionaire investor Bill Ackman revealed he's betting against 30-year US Treasurys. 
• The Pershing Square chief said he's short due to to the impact of higher interest rates on stocks. 
• "The best hedges are the ones you would invest in anyway even if you didn't need the hedge," he said. 

Bill Ackman revealed he's betting against US Treasurys as a hedge against stubbornly high inflation. 

The Pershing Square CEO revealed his hedge fund's new bets in a post on X on Wednesday, saying he's "short in size" on 30-year Treasurys as a buffer against the impact of higher interest rates on stocks, and as a "high probability standalone bet."