Hedge Funds Burned by Fed Set to Unwind Bearish Rate Bets

  • Rates futures speculators were wrong-footed ahead of Fed
  • FOMC actions leave traders expecting lower yields for longer

Why Fed Officials Still See a 2015 Liftoff

Hedge funds and other speculators were ready to profit last week if the Federal Reserve lifted interest rates. Their bets proved wrong-footed, leaving traders poised to reverse course, according to TD Securities.

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