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Thursday, October 26, 2023

Ackman-Pumped Rally Fades With Traders Piling Into New Treasury Shorts

 

  • Risk surges across futures complex, indicating new short bets
  • Treasuries price action choppy after GDP, jobless claims data

Short sellers are betting on fresh pain ahead for bondholders.

Traders in the US interest rate futures market piled into new short positions on Wednesday, fading the prior day’s Treasuries rally spurred by billionaire investor Bill Ackman saying he was no longer short the Treasury market.

https://www.bloomberg.com/news/articles/2023-10-26/traders-fade-ackman-pumped-rally-pile-into-new-treasury-shorts

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