The founder and chief investment officer of Tudor Investment said he was worried that government spending could cause a big sell-off in the bond market, spiking interest rates higher.
"Will we have a Minsky moment where all of a sudden there's a point of recognition that what they're talking about is fiscally impossible, financially impossible?" Jones said.Paul Tudor Jones: We are going to be broke really quickly unless we get serious about our spendingBillionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S.
The founder and chief investment officer of Tudor Investment said he was worried that government spending could cause a big sell-off in the bond market, spiking interest rates. He said he plans to not own fixed income and will be betting against the longer-dated part of the bond market. "Will we have a Minsky moment where all of a sudden there's a point of recognition that what they're talking about is fiscally impossible, financially impossible?" he continued., according to the Treasury Department, 8% higher than 2023.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »