Hedge Fund billionaire Stanley Druckenmiller cut his stock-market exposure to zero after President Donald Trump's May 5 tweet stating that tariffs on Chinese imports would be raised. Druckenmiller instead invested in US Treasurys, which are seen as a safe haven during times of economic stress. The 10-year yield fell from to 2.13% from 2.53% after Druckenmiller put on the trade. Visit MarketsInsider.com for more stories.
Hedge Fund billionaire Stanley Druckenmiller cut his stock-market exposure to zero after President Donald Trump's May 5 tweet stating that tariffs on Chinese imports would be raised. Druckenmiller instead invested in US Treasurys, which are seen as a safe haven during times of economic stress. The 10-year yield fell from to 2.13% from 2.53% after Druckenmiller put on the trade. Visit MarketsInsider.com for more stories.
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