Who Is Short Treasurys? (Spoiler: Pretty Much Everyone)

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

Once upon a time, news and fundamentals mattered.
Then the Fed came and ever since then the main question has been where the highest concentration of shorts is, just to squeeze the margin call daylights out of them, and generate alpha (a strategy we highlighted back in 2012).
And while shorting crappy, illiquid stocks has not worked for a long, long time because under ZIRP capital is misallocated with reckless abandon usually ending up promptly in the most worthless companies, it was not until the past year when the shorting brigade decided to assault the most liquid, allegedly, instrument: the US Treasury bond itself.

This post was published at Zero Hedge on 08/29/2014.