Yes, the Reuters article is gold.....
shorters must be moving closer to the EXIT.
but I also think they are trapped, they are out of ammo.
who knows what risk coverage strategy they have... their overall position may not be known by the bank desk jockey plebs on PLS. But by the risk managers on wall Street.
maybe they have offsets on money market interest rates... who knows, but hopefully they get squeezed by the fall in rates as well....
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