(Reuters) The Federal Reserve will raise interest rates later this week and probably again early next year, but that will be the end of tightening cycle and it won’t be long before rate cuts are on the table. That’s the message being sent out by the latest twists to hedge fund positioning at the short end of the U.S. Treasury curve: speculators now hold a record short position in two-year futures, while bullish momentum in five-year bonds is the strongest in over a decade.
Hedge Fund Moves At Short End of U.S. Curve Show Fed Cuts Not Too Far Away
This entry was posted in Syndicated. Bookmark the permalink.
