Aggressive Fed Moves Back in Play as Yields Surge on CPI Shock

In the meantime, hedge funds timed their bond bets to perfection, turning bears on each single Treasury futures contract tracked by Bloomberg, proper earlier than the shock inflation print despatched debt markets tumbling. Leveraged fund web positions flipped unfavorable on two-year Treasury futures final week, having finished the identical for benchmark contracts the week earlier than, in accordance with the newest Commodity Futures Buying and selling Fee knowledge.