{
  "id": 9548411,
  "title": "Hedge funds scale back Treasury basis trade as arbitrage gaps narrow",
  "url": "https://urgent.news/2026/09/23/hedge-funds-scale-back-treasury-basis-trade-as-arbitrage-gaps-narrow",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T08:42:00.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://hedgeweek.com/news/hedge-funds-scale-back-treasury-basis-trade-as-arbitrage-gaps-narrow"
  },
  "original_language": "en",
  "account": null,
  "summary": "Hedge funds have reduced their exposure to the US Treasury basis trade as shrinking price discrepancies between Treasury futures and the underlying cash bonds have made the strategy less attractive, according to a report by Bloomberg. The report cites estimate from Morgan Stanley strategists as highlighting that notional value of leveraged investors’ Treasury basis positions has fallen to about…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens",
        "url": "https://urgent.news/2026/09/24/us-30-year-yield-hits-highest-since-2004-as-bond-selloff-deepens",
        "published": "2026-09-24T08:37:06.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Analysis-Hedge funds sour on basis trade as Treasury selloff continues",
        "url": "https://urgent.news/2026/09/24/analysis-hedge-funds-sour-on-basis-trade-as-treasury-selloff-continues",
        "published": "2026-09-24T10:25:12.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}