Exposure to Treasury futures plunges at risky moment


Commodity Futures Trading Commission figures show that open interest is sliding at a historic pace. — Reuters

LEVELS of open interest in the US Treasuries futures market rarely garner much attention, but this might be one of those occasions, as President Donald Trump’s tariff agenda threatens to slam the brakes on the United States economy, perhaps even putting it into reverse gear.

Commodity Futures Trading Commission figures show that open interest, the broadest measure of investors’ exposure to US bond futures, is sliding at a historic pace.

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