Michael Burry’s Pretty Big Short Hinges on Treasuries Sinking
- Player in ‘The Big Short’ bought puts on iShares Treasury ETF
- Bulls and bears alike are awaiting clues from Jackson Hole
Michael Burry
Photographer: Astrid Stawiarz/Getty Images
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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.