Billionaire investor Bill Ackman is no longer betting against US Treasurys, citing too much risk in the world

• Billionaire investor Bill Ackman has closed his profitable short bet against US Treasurys.
• Ackman first disclosed hit bet against Treasurys in August, as he expected interest rates to keep moving higher.
• "There is too much risk in the world to remain short bonds at current long-term rates," Ackman said.

Billionaire investor Bill Ackman has closed his profitable short bet against US Treasury bonds.

"We covered our bond short. There is too much risk in the world to remain short bonds at current long-term rates. The economy is slowing faster than recent data suggests," Ackman said in a post on X on Monday.