Hedge funds’ extended short positions on Treasuries wrongly timed
CFTC data shows bets persisted even though the cash bonds had rallied the week before.
Hedge funds extended short positions on Treasuries to a record just before smaller-than-expected US bond sales and weaker jobs data spurred a rally.
Leveraged funds ramped up net short Treasury futures positions to the most in data going back to 2006, according to an aggregate of
Learn more about reprints and licensing for this article.
