Photographer: David Williams/Bloomberg

Hedge Funds Betting Treasuries Rally Has Further to Run

Updated on
  • Yields rise as Dudley says traders may underestimate Fed
  • Treasury 30-year bonds plunge by most since February

Hedge funds made the biggest bet on benchmark Treasuries in more than three years just as the longest-dated U.S. tumbled and Federal Reserve officials reinforced the potential for an interest-rate hike this year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.