Traders Cut $7 Billion of Treasury Bets Before Inflation Report

Bloomberg2021-06-10

(Bloomberg) -- Treasuries traders are taking bets off the table ahead of key U.S. inflation numbers, with benchmark yields breaking their recent trading range in a shakeout of short positions. Yields ...

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Huatliao777
·2021-06-11
Zzz
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老Uncle
·2021-06-10
cool
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- kslim:
  what effect will this give?
  2021-06-10
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- 老Uncle:
  perhaps got chance to rebound
  2021-06-10
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The moves come as a measure of positioning showed traders unwound the equivalent of almost $7 billion in 10-year cash bonds Wednesday, a sign the market may be willing to look past the prospect of a higher-than-expected reading.\nMarkets have become fixated on the durability of inflation as the global economic recovery continues to gain traction, as it could add to the case for the Federal Reserve to start discussions on withdrawing stimulus. U.S. data Thursday is expected to show annual prices climbed in May by 4.7%, the most since 2008 and building on a jump the previous month.\nBond positions were near their shortest since September 2018, according to JP Morgan Chase & Co.’s latest Treasury Client Survey taken on Monday. 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