Bill Ackman says he covered his bond short

<p>Back in early August, Bill Ackman began to tout a short 30-year bonds position "in size" as a portfolio hedge. Today he said they have covered that position, without saying when.</p><p>"There is too much risk in the world to remain short bonds at current long-term rates," he wrote.</p><p>That was a heckuva trade.</p><p>He's had a great run despite some misteps like NFLX. I don't think he can turn the whole market but price action certainly took notice of his latest tweet and bonds are bid and risk assets are improving.</p><p>Update: He added "the economy is slowing faster than recent data suggests."</p>

This article was written by Adam Button at www.forexlive.com.