Traders in the $27 trillion Treasury market are betting that long-term bond yields will rise as Donald Trump's chances of winning re-election improve. Investors have been selling longer-dated Treasuries and buying shorter ones after Trump's strong debate performance against Biden. Open interest in this trade rose sharply last Friday and Monday as the gap between 2-year and 10-year yields widened by 13 basis points, the largest two-day move since October.
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00:00It's Benzinga, and here's what's on the block.
00:03Traders in the $27 trillion Treasury market are betting that long-term bond yields will
00:07rise as Donald Trump's chances of winning re-election improve.
00:11Investors have been selling longer-dated Treasuries and buying shorter ones after Trump's strong
00:16debate performance against Biden.
00:18Open interest in this trade rose sharply last Friday and Monday as the gap between 2-year
00:22and 10-year yields widened by 13 basis points, the largest 2-day move since October.
00:27For all things money, visit Benzinga.com.