Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Elliott’s Paul Singer Says He’s Shorting Long-Term Bonds

Paul Singer, the founder of hedge fund Elliott Management Corp., said he’s betting the price of 30-year sovereign debt in the U.S., Europe and Japan will fall.

These bonds, many with yields of about 2 percent to 3 percent, are trading at “extreme” levels because central banks have purchased a large amount of government debt, a practice known as quantitative easing, he said.

Central banks “have given every inclination to keep printing willy-nilly to solve every economic problem,” said Singer, speaking yesterday at the Skybridge Alternatives Conference in Las Vegas. At some point, inflation is likely to kick in, sending bond prices tumbling, he said.

Singer, who has run New York-based Elliott for 35 years, said it’s the same kind of trade he put on in the mid-2000s, when he bet that U.S. bank debt and subprime mortgages would fall.

“We weren’t bearish on these,” Singer said. “What we were doing was buying an incredibly cheap put option. It was insanely asymmetric,” meaning the cost was small if he was wrong, and the return could be huge if he was right.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.