Are the Bears Leaving the Bond Market Picnic?

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Fixed-income bears could be leaving the bond market picnic, according to a Reuters report that said hedge funds have recently backed off their bearish beats as U.S. equities continue to march forward on shaky legs while Federal Reserve officials speak with dovish tones. “Speculators on U.S. futures markets slashed their bearish bets on 5-year Treasuries [...]

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