Hedge Funds Betting Treasuries Rally Has Further to Run

(Bloomberg) Hedge funds made the biggest bet on benchmark Treasuries in more than three years just as the longest-dated U.S. tumbled and Federal Reserve officials reinforced the potential for an interest-rate hike this year.

In a sign traders are confident a record-setting Treasuries rally has further to run, hedge funds and other large speculators boosted positions in 10-year futures to a net 185,521 contracts last week, the most since December 2012, according to the Commodity Futures Trading Commission’s Commitments of Traders report.

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