US Treasury Shorts Hit Record High As Foreign Banks Dump Bonds

The question is - are all these "investors" right? Is the most one-sided trade-positioning ever going to prove to be correct... and what happens when they are proved 'right' and start to unwind?

Judging by DoubleLine's Jeff Gundlach's favorite 10Y Yield indicator, Copper/Gold is signaling 10-Year yields should be 40bps lower.

Now that should shake out a few of the weaker hands in the record bond shorts.

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Gary Anderson 9 months ago Contributor's comment

So the vigilantes are foreign banks, forcing the Fed to tighten.