Analysis: Spike in bond yields dented some hedge fund February returns
(WorldNews Business)

Read full article Maiya Keidan3 March 2021, 6:04 am·3-min read FILE PHOTO: The front facade of the NYSE is seen in New York By Maiya Keidan (Reuters) - A sharp spike in bond yields last week caught some hedge funds unaware, and saw macro and long-short funds in general give back February profits to end the month modestly up, several market participants said. Hedge funds, which target returns that outperform the markets, take positions in a variety of assets such as bonds, currencies and equities, depending on the strategy employed. The sharp rise in yields - which saw ten-year Treasury yields hit a one-year high of over 1.6% on Thursday - came after a tumultuous January when some funds...