So while the technically-driven surge in equities may be over, a historic short squeeze in Treasuries may be about to unfold, as according to DB calculations, shorts in bond futures the largest in over 6 years with positions short across all bond futures maturities; One small change: shorts in very long dated bond futures are being trimmed from extremes, added in other parts of the curve. – Zero Hedge
To that, we say Amen!
