Hedge Funds Pile In to Long Bets on Bonds Just as Dangers BuildBy
Fast money amasses record amount of 10-year Treasury futures
Fed meeting, Treasury refunding may buffet bonds this week
The fast money in the $14 trillion Treasuries market may turn out to be too slow.
For the first time since July, hedge funds and other large speculators are bullish on Treasuries across the yield curve, U.S. Commodity Futures Trading Commission data show. The shift in 10-year futures was particularly striking, with the group adding an unprecedented 255,942 net-long contracts as of the latest figures, covering the week through April 25. Their bias is so skewed toward gains that the group is the most vulnerable to a bond-market selloff since 2008…
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