Open interest in 10-year note futures surged to nearly 5 million contracts on Tuesday, indicating that traders anticipate further bond gains.
In the past two years, open interest has soared by 2 million contracts as US inflation has gradually eased.
Rising recession fears and an increase in the unemployment rate have only added to the popularity of this trade.
Is the bond market becoming too crowded?
submitted by /u/XGramatik
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