Bond Trader Up $10 Million by Joining Bets Yield Curve Too Flat (Game of Drones)

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Big futures trade adds to steepening momentum amid selloff.
(Bloomberg) – Traders in the $14.1 trillion Treasuries market are signaling that the persistent flattening of the yield curve this year has gone far enough.
The outperformance of longer-maturity debt has been a dominant theme in the market for months. Now, open interest data show investors are unwinding wagers that the slope of the yield curve from five to 30 years will fall, after it turned the flattest in nearly a decade.

This post was published at Wall Street Examiner by Anthony B Sanders ‘ September 28, 2017.