Activist investor Bill Ackman announced his firm has closed its short on bonds as Treasury yields flirt with 5%. Fund manager Bill Gross also issued a statement on social media anticipating a recession in fourth-quarter 2023. Yahoo Finance Live reacts to these headlines as investors try to make sense of future interest rate hikes by the Fed.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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