The Mortgage Hedging ‘Beast’ Is Returning to the Treasury Market (opens in new tab)

(Bloomberg) -- At the height of the US bond-market selloff last month, Vishal Khanduja detected something unusual. Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than a Year on AI Outlook MissTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtAs yields on the longest-dated Treasuries surged toward a 19-year h