"Bill Ackman Predicts 5% Surge in 10-Year Treasury Yield"

Billionaire hedge fund manager Bill Ackman predicts that the 10-year Treasury yield could approach 5% soon, citing stubborn inflation and a resurgent labor movement. He believes that the Federal Reserve will struggle to bring inflation back down to its 2% target. Ackman also advises against buying the 30-year Treasury bond due to inflation eating into its return, stating that investors are not being adequately compensated for entering into a long-term contract with the government.