Periodical
New Hazard for Treasuries Hides in Bond Futures' Fine Print.
| Τίτλος: | New Hazard for Treasuries Hides in Bond Futures' Fine Print. |
|---|---|
| Συγγραφείς: | Bolingbroke, Edward (AUTHOR) |
| Πηγή: | Bloomberg.com. 10/5/2026, pN.PAG-N.PAG. 1p. |
| Θεματικοί όροι: | *Interest rate risk, *Derivative securities, *Asset management, *Bonds (Finance) |
| Περίληψη: | The article discusses the mechanics of Treasury futures and how rising yields could trigger a shift in the cheapest-to-deliver (CTD) bond, potentially exacerbating long-end yield increases. As 30-year yields approach 6%, the CTD may migrate to longer-maturity bonds, forcing asset managers to adjust their duration targets by selling futures or buying back short positions. Recent data from the Commodity Futures Trading Commission shows aggressive selling of ultra-long bond contracts, reflecting active management of duration extension risks associated with CTD switches. [Extracted from the article] |
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| Βάση Δεδομένων: | Business Source Index |
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