A Big Asset Manager Deleveraging Is Underway in Treasury Futures
Bloomberg 2026-10-09 20:41:31
Context: Asset managers are currently engaged in a significant deleveraging process in Treasury futures, characterized by the offloading of long-duration Treasuries futures contracts. This development suggests that forced selling is underway, likely triggered by the current high cash yields. The situation is unfolding as cash yields hover just off multiyear highs.
Key Facts
- Asset managers are offloading long-duration Treasuries futures contracts.
- The offloading of contracts is an indication that forced selling is underway.
- Cash yields are currently hovering just off multiyear highs.