July fed hike may fail to derail treasuries from bullish course | Insights | Bloomberg Professional Services

Bloomberg Market Specialists Yasumasa Nakagomi contributed to this article. The original version appeared first on the Bloomberg Terminal. 

Background

Funds keep on flowing into iShares 20+ Year Treasury Bond ETF even as chances for a July hike rise. Meanwhile, the US central bank’s quantitative tightening program has only affected the short-end of the Treasury curve, leaving longer maturities largely unscathed. Futures traders’ short position are centered mainly on two- and five-year bonds.