Citadel Securities reversed its bearish call on long bonds, warning of a painful short unwind
The firm warned that heavily crowded short positioning in long-dated Treasuries raises the risk of a painful reversal for investors caught on the wrong side
Citadel Securities' strategist Frank Flight has warned that a large bet against long-term bonds could lead to a painful unwind. According to MarketWatch, this bet appears to be one-sided.
The collapse of western Sydney property developer Bathla Group has been cited as a cautionary tale in the private credit sector, with reports from The Age and The Sydney Morning Herald noting that it was worth $3 billion.
Other financial news includes the growth of box-spread ETFs to around $16 billion in assets, as reported by Moneyweb. Meanwhile, The Jakarta Post discussed the limitations of other financial systems in receiving a large and rapid reallocation of funds, citing concerns about the US public debt, political polarization, and the dollar's role in global trade.
Brief written by urgent.news from MarketWatch, The Age, The Sydney Morning Herald, Moneyweb, The Jakarta Post — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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