Hedge funds cut dollar exposure as Treasuries regain safe-haven appeal
Long US dollar positions were squared off by hedge funds on Thursday as US Treasuries rallied amid a global equity selloff, with investors returning to government bonds as a safe-haven asset, according to a report by Bloomberg. Benchmark 10-year Treasury yields fell 10 basis points to 5.09% during Asian trading, their lowest level in three weeks, while yields across other maturities declined by…
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