• Painful short squeeze slams bond-market bears

    10 days ago - By ETF Daily News

    From Sunny Oh : This week's brisk and sudden rally in long-dated Treasurys was capped by an upsurge Tuesday, and investors attempting to explain the move are pointing to traders that were caught in wrongway bets.
    Hedge funds and other leveraged speculators held hefty short positions on long-dated Treasurys, betting that inflationary pressures and the U.S.'s strong momentum would hammer the bond market and send yields higher, said market participants. Bearish bond bets reflect the opinion that bond prices will fall, driving yields higher. Bond prices move in the opposite direction of...
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