Bond Bears Panic, Cover Shorts At Fastest Pace Since Brexit; But Rate-Hike Bets Top $3 Trillion
March 27, 2017 at 06:36 AM EDT
Across the entire Treasury bond futures complex, shorts covered over 200,000 10-year-equivalent contracts but the net short - while the smallest since December 2nd - remains extreme relative to norms over the last 6 years.