Bill Ackman Warns: Treasury Yields Surging, Investors Urged to Avoid U.S. Government Debt"

The 30-year Treasury bond yield has surged since Ackman’s early August remarks, experiencing its steepest quarterly rise since 1987. With anticipated enduring inflation and the U.S. government’s growing budget deficit, Ackman warns of inadequate returns from bonds. He foresees the 10-year Treasury yield potentially exceeding 5% soon due to these deficits and adverse market dynamics. The rising bond yields have adversely impacted stocks, with the S&P 500 heading towards its fourth weekly decline.