David Finnerty

Hedge funds are betting the yen will strengthen beyond 150 per dollar by year-end, with some longer-dated options trades targeting a move to 140.

Currency options traders are betting the Korean won’s Asia-leading rally since July has further to run.

A selloff in Treasuries resumed Monday as oil rallied after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, intensifying inflation concerns.

The declines pushed most US yields higher by 10 basis points in mid-morning trading, with 10- and 30-year benchmark yields near the highest since 2007 and 2004.

Hedge funds are loading up on options that will profit if the euro weakens against the dollar as political and fiscal risks mount in France.

The euro fell to its weakest level since May 2025 as reports that Spanish government officials are preparing for an early election added to investor concerns over political and fiscal risks across the region.

(Bloomberg) -- The euro fell to its weakest level since May 2025 as reports that Spanish government officials are preparing for an early election added to investor concerns over political and fiscal risks across the region.

Asset managers’ short positions on the Australian dollar surged to a record high in the week ended Oct. 20, as mounting Middle East tensions and jitters over the artificial intelligence trade spurred a retreat from the risk-sensitive currency.

Australia’s second-biggest pension fund is buying French government bonds on the view that markets have overpriced France’s fiscal troubles and the prospect of European Central Bank interest-rate hikes.

The AI-driven debt boom is creating some of the most attractive fixed-income opportunities in years, eclipsing the appeal of long-dated US Treasuries, according to BlackRock’s Rick Rieder.