Jul
06
Hedge Funds That Called Treasuries Wrong Now Getting It Right
ByHedge funds, which proved to be experts on getting the Treasury market wrong earlier this year, are becoming better at getting it right.
Large speculators including hedge funds trimmed their short positions in 10-year notes to almost zero last week, according to the Commodity Futures Trading Commission. Investors who dropped their bets on bonds falling are reaping the reward as the market rises in July following a three-month rout. Greece’s struggle to stay in the euro currency bloc and tumbling Chinese shares are driving demand for the relative safety of U.S. debt…
Hedge Funds That Called Treasuries Wrong Now Getting It Right
