(Bloomberg) Hedge funds picked just the right time to boost bearish bets on Treasuries by the most since March 2013. Large speculators including hedge funds increased net short positions in 10-year notes by 128,601 contracts to 164,264 in the week ended Nov. 3, data from the Commodity Futures Trading Commission show. Treasury yields rose to the highest since July on Friday after government data showed U.S. employers unexpectedly added the most jobs of any month this year in October. Traders see a 70 percent chance the Federal Open Market Committee will raise interest rates at its December meeting, up from 56 percent odds before the payroll data.
Hedge Funds Raised Treasury Shorts by Most Since ’13
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