Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Commercial Traders Are The Most Long 30Y Treasuries In A Year

Via Gavekal Capital blog,

Over the last five years the signal given by investor positioning in options and futures contracts on the 30-year treasury bond has proven prescient. Each time commercial traders have moved to a long position in the long bond rates have been near a peak. Over the last few weeks the commercials have shifted their positioning dramatically, moving from one of the largest short positions to a net long position for the first time in almost a year.

 

 

If history is a guide then we may be near an intermediate term peak in rates.