13 hours ago
Bond Traders Boost Bets That US 10-Year Yield to Dive Toward 4%
Traders are ramping up options wagers that 10-year Treasury yields are poised to sink to the lowest since April, amid dovish comments from Federal Reserve officials and a backdrop of simmering Mideast tensions.
The focus of the bets, which have drawn at least $38 million in premiums across Friday and Monday, has been around August calls on US 10-year options. The positions hedge against a drop in 10-year Treasury yields to 4% in the coming weeks, from roughly 4.3% now.
