Treasuries Turmoil Gives Way to Calm as Traders Shift to Neutral

Traders reeling from the steepest losses in decades in US government debt slashed futures wagers aggressively over the past week, moving to a neutral position as they assessed the next steps in President Donald Trump’s tariff policies.

Treasury yields soared last week as the escalating tariff face-off roiled markets and sparked a rush for cash. With volatility in fixed income surging, traders’ main move was to take chips off the table. In Treasury futures, they reduced positions in the US 10-year note contract the past seven sessions, by an amount equating to roughly $22 billion worth of the current ...