Traders Long Treasurys Feel The Pinch

🚨 🚨 Last week saw a drop in open interest, or the amount of new risk, in 10-year note futures by almost 110,000 futures. It’s dropped over three consecutive sessions from Wednesday to Friday, the equivalent of roughly $7 million per basis point risk. The positioning shift came amid a selloff in Treasuries in which 10-year yields peaked at almost 4.20% on Friday
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