MERCATO OBBLIGAZIONARIO AMERICANO : IPOTESI SQUEEZE.
“If we go down [more] on Treasury yields, we will see one of the
biggest short-covering scrambles of all time,” Gundlach said Wednesday
at the Altegris strategic investment conference in San Diego.
Funds that short Treasuries, such as unconstrained bond funds, long
junk/short Treasury funds and ETFs that short U.S. bonds with leverage,
were popular last year, he said.
“Speculation in the market on shorting Treasuries was very high,”
Gundlach said. “If for some reason someone has to cover these shorts,
you could actually see the low yields of 2012 get taken out.
MERCATO OBBLIGAZIONARIO AMERICANO : IPOTESI SQUEEZE.
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