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Michael Burry’s pretty big short hinges on Treasuries sinking

Bloomberg/Liz McCormick and Ye Xie/8-21-2021

“Call it the Pretty Big Short. Michael Burry, whose huge, wildly profitable bets against the housing bubble were made famous in ‘The Big Short,’ is wagering that long-term U.S. Treasuries will fall.”

USAGOLD note: Burry is essentially betting that the Federal Reserve will retract its support of the U.S. Treasuries market sufficiently to trigger a sell-off in the bond market. Whereas the Big Short ran against the grain in 2008, the Pretty Big Short, as Bloomberg points out, is “largely in line with the calls of most Wall Street strategists.”


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