Hedge funds loaded up on the dollar and sold Treasuries ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole speech on Friday, anticipating a nod to a bond-buying taper timeline that would push yields and the greenback higher. But based on the initial reaction to Powell’s remarks in rates...
https://www.hellenicshippingnews.com/feds-powell-wrongfoots-hedge-funds-on-dollar-bonds/