26.0% chaos · simmering
money panic
1 sources
Hedge Funds Whipsawed in Frantic Trading Spur Fed Rate Hike Bets
What happened
Frantic trading in US Treasuries early Thursday showed telltale signs of hedge funds hastily closing out positions that were vulnerable to losses, which exacerbated volatility in both the cash and futures markets around 8:30 a.m. in New York.
Why people care
Reported by Bloomberg.
Sources
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