Institutions: The Fed will take an "ultra-dovish" stance, betting on US two-year Treasuries

Hedge fund Tolou Capital Management has built a leveraged long position in two-year U.S. Treasuries, believing that Fed Chairman Jerome Powell will be replaced by a "super dove" who will cut interest rates sharply at the urging of U.S. President Donald Trump, Golden Finance reported. Spencer Hakimian, chief investment officer at Tolou Capital, started going long three weeks ago, betting that short-term bond yields will fall sharply over the next 12-18 months; Powell's term expires in May 2026, and Trump recently said he would appoint a successor "soon."

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HighYieldUltra-Stablevip
· 06-16 19:19
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