Mar
14
Hedge Funds Piling Into Treasury Short Bets Could Be Let Down by the Fed
By-
Speculators have bulked up on short futures bets: CFTC data
-
Potential for temporary rally if Fed doesn’t tilt hawkish
One corner of the $13.9 trillion Treasuries market is signaling growing confidence that yields will rise after the Federal Reserve’s policy decision this week, leaving some analysts wary of a crowded trade that may backfire.
Hedge funds and other large speculators boosted net short bets in five-year futures to the second-largest on record as of March 7, Commodity Futures Trading Commission data show. Even asset managers, who’ve typically taken the other side of the wager, pared net longs to the lowest since September…
Hedge Funds Piling Into Treasury Short Bets Could Be Let Down by the Fed
