20/08/18

Short Squeeze Begins? Treasury Yields Tumble To 1-Mo Lows



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Short Squeeze Begins? Treasury Yields Tumble To 1-Mo Lows
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August is lining up to be the best month for Treasury bonds in a year as 10Y Yields are down almost 13bps (the most since Aug 2017's 18bps drop). That could be a major problem for the record amount of speculative shorts that have piled into the 'No brainer' bond bear positioning over the last few months...

As Jeff Gundlach warned over the weekend, Treasury bets are so extreme that they're becoming a contrarian indicator in themselves.

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