Billionaire Paulson shorts European sovereign bonds - reports

Billionaire hedge fund boss John Paulson has revealed to investors he is shorting European sovereign bonds.

According to Bloomberg, Paulson reportedly told investors during a conference call that he is shorting sovereigns in Europe, as well as buying credit default swaps on European debt to protect against a default. Paulson has been bearish on the eurozone for some time, warning back in February the euro is "structurally flawed" and will eventually fall apart. His comments come as yields on Spanish government bonds climbed this week as fears over the health of the Spanish economy re-surface. Yields broke through the 6% mark on 10-year debt. Paulson became a billionaire in 2007 by bettin...