Hedge funds and other speculators have hardly ever been more bearish on Treasurys, according to J.C. Parets, founder of money manager Eagle Bay Capital and a prominent market commentator who contributes to the blog All Star Charts.
At the same time, commercial buyers, a group that includes insurance companies and other institutional investors, who buy futures contracts to hedge their exposure, have never been more bullish, according to weekly positioning data released by the Commodity Futures Trading Commission.
By Joseph Adonilfi @ Market Watch
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