Speculators Place Biggest Bet EVER Against US Treasury 5Y Note Futures (It Will Be Powell As Fed Chair and 83.6% Prob Of A Dec Rate Hike)

(Bloomberg) – Hedge funds and other large speculators extended their net-short positions on five-year U. S. Treasury note futures to a record last week, data from the Commodity Futures Trading Commission through Oct. 17 show. They’re making the bets as speculation ramps up over who will be nominated as the next Federal Reserve chief and as odds increase that the central bank will raise interest rates again in December. The five-year note yield ended last week at 2.02 percent, the highest since March.

This post was published at Wall Street Examiner on October 23, 2017.