Traders Throw In The Towel On March Rate Hike

zerohedge.com / by Tyler Durden / Feb 23, 2017 6:25 PM

As we previously noted, while speculatrs had been reducing their shorts in Treasury futures, they had added to Eurodollar shorts – pushing their bets on Fed rate hikes to record highs. However, as Bloomberg notes, signals are starting to emerge that traders who built up that heavy short, or hawkish, eurodollar base since the start of 2016 could be starting to throw in the towel on a March Fed rate hike.

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Read more ... source: The Bitcoin Channel

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