Remember the reflation trade & “steepener” bets? Got hit hard by sudden revaluation of Fed stance following June meeting. Short

Remember the reflation trade & “steepener” bets? Got hit hard by sudden revaluation of Fed stance following June meeting. Short yields surged v. Long yields flattening the curve! Nasty moment for several prominent hedge funds. @colbyLsmith @journofletcher
ft.com/content/4fc62d… https://t.co/cBHJLBgqS7

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