Bets mount on steeper Treasury yield curve
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Steepener trades are often seen as bets on reflation; investors are also preparing for the possibility of bigger deficits if Democrats prevail in November
Fast-money wagers against longer-dated Treasuries have hit a record in a sign that hedge funds are positioning themselves ever more aggressively for a steeper yield curve.
Net short speculative positions in long bond futures saw the biggest weekly climb since 2007 to reach around 209,000 contract
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