Reuters reports that a good deal of the recent flight from U.S. Treasuries has been driven by hedge fund selling, according to a Wall Street analyst. Hedge funds and other large investors sold 78 percent of their holdings of 2-year Treasury note futures in the week ended March 13, said Bank of America/Merrill hedge fund analyst Mary Ann Bartels in a report released Monday.
Last week was the biggest weekly decline for U.S. Treasury prices since last summer. The big sell-off in government debt pushed yields to their highest levels in more than four months. It was a sign investors see less need to put money in Treasuries for safekeeping now fears of a messy Greek debt default are fading and the U.S. jobs picture looks brighter….
Find out more at http://www.reuters.com/article/2012/03/19/us-hedgefunds-treasuries-idUSBRE82I13U20120319
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