(Reuters) A couple of weeks ago it was 10-year Treasuries, last week 5-year bonds: hedge funds are shifting their view of the Fed and U.S. interest rates by magnitudes rarely seen before. Speculators on U.S. futures markets slashed their bearish bets on 5-year Treasuries last week by the fifth largest amount since the Commodity Futures Trading Commission began compiling data in 1995.
Hedge Funds’ Historic U.S. Rate View Shift Switches to 5-Year Bonds
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