Hedge Funds Pull Back from Treasury Basis Trade as Profitability Declines
Hedge funds are scaling back their leveraged Treasury basis trades as declining profitability and improved market conditions reduce the appeal of the strategy. Funds committed to the trades have fallen 20% this year to...
U.S. Homeownership Sentiment Rebounds as More Consumers Prefer Buying Over Renting
A growing number of Americans are once again favoring homeownership, with a majority now saying they would rather buy a home than rent or live with family, according to Bank of America’s latest Homebuyer...