Hedge fund managers are adopting a different approach to asset managers when it comes to trading US treasuries, according to a report by Bloomberg.
The report says the former are doubling down on bearish bets just as traditional money managers adopt a more positive stance that may suggest they feel the global stock sell-off is winding down.
While data from the CFTC last week revealed that leveraged funds increased their short positions on US sovereign debt to the highest level since October 2020, pension pension funds, insurers and mutual funds have boosted long positions to the highest level since April 2020.
