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Dothemath2 t1_j6pdtj6 wrote on January 31, 2023 at 11:17 PM

Reply to comment by RowPuzzleheaded3590 in Hedge funds and institutional investors are holding a record net short position against US Treasuries (CFTC data) by Infamous_Sympathy_91

I get it now! Bond market at these levels pricing in a Fed pivot, 2nd half 2023, not higher rates through 2024. Essentially if no pivot then yield rates go up, bond prices go down.