Hedge funds and other large speculators tripled their bets against 10-year Treasury futures in the week ended August 13, according to the latest Commitments of Traders report from the CFTC.
With a net short position of 66,432 contracts — versus 20,096 in the previous week — hedge funds have now placed their biggest bets against 10-year Treasury futures since July 2012.
Today, the yield on the 10-year Treasury note rose to a fresh two-year high of 2.86% before retracing to close at 2.83%, up 6 basis points from Thursday’s close.
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