(Reuters) Hedge funds are having mixed fortunes with their currency and U.S. bond bets: Their growing faith in the dollar is being rewarded but they’ve chosen the wrong time to open up a record short position in 10-year Treasuries. The 10-year yield’s pop above 3 percent and rise to a seven-year peak of 3.13 percent in mid-May looks to have convinced many speculators to double down on their short bond positions on the expectation that the only way for yields was up.
Hedge Funds in the Money With Dollar Bets, Struggling With Treasuries
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