TBT was down 5% in heavy trading to fall below its 50-day simple moving average. [The Contrarian: Treasury Bond ETFs]
Hedge fund managers and other large speculators have sizable short positions in 10-year note futures, according to the Macro Wonders blog. Short positions are getting close to the 2010 all-time record. “Last time that happened Treasuries rallied big and the yield fell from 4% to 2.5%,” it said.
ProShares UltraShort 20+ Year Treasury Bond
