Hedge funds place biggest short ever for treasuries


NEW YORK: The Federal Reserve (Fed) is sure that the US economy can avoid a recession despite the burden of higher interest rates. And hedge funds seem to agree.

Leveraged investors boosted their net shorts on 10-year treasury futures to a record 1.29 million contracts as of April 18, data from the Commodity Futures Trading Commission showed. The bets extended the bearish positions to a fifth straight week.

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