Hedge fund bond bears are relentlessly shorting Treasuries

Yahoo!Finance-Bloomberg/Ruth Carson/6-12-2023

“Hedge funds extended their record selling streak of short-dated Treasuries amid bets the Federal Reserve’s fight with inflation is far from done.”

USAGOLD note: According to the Wall Street Journal, Fed officials have signaled they will hold rates now before raising them again later this summer. If so, one wonders what purpose is served by a pause. We will know more later today……