Hedge Funds Nailed Treasuries Rout With $100 Billion in Sales
Bloomberg 1 hr ago Stephen Spratt and John Ainger
(Bloomberg) Hedge funds have been a major player in this year’s Treasury selloff, offloading more than $100 billion of the securities since the start of January, according to holdings data.
The world’s biggest net sales of U.S. government debt so far in 2021 has been in the financial center of the Cayman Islands, well known as a domicile for leveraged accounts. Investors there dumped $62 billion of US. sovereign bonds in February, after selling $49 billion the previous month, Treasury Department data show.
By Bloomberg• 16 March 2021 Caption
A pedestrian wearing a protect mask carries CVS Health Corp. shopping bags while walking in the Upper West Side neighborhood of New York, U.S., on Wednesday, Sep. 23, 2020. Residents of Manhattans Upper West Side formed the West Side Community Organization in response to the city placing 600 homeless people in the area. City Hall removed them from group shelters to reduce the spread of Covid-19 and is paying to lodge them in boutique hotels hungry for business in the tourist-challenged year of 2020. Photographer: Mark Abramson/Bloomberg
Business Maverick
By Bloomberg• 16 March 2021
Caption
A pedestrian wearing a protect mask carries CVS Health Corp. shopping bags while walking in the Upper West Side neighborhood of New York, U.S., on Wednesday, Sep. 23, 2020. Residents of Manhattans Upper West Side formed the West Side Community Organization in response to the city placing 600 homeless people in the area. City Hall removed them from