TT International Had Hot Long UST Position Coming Into Stock Selloff

The TT International DB Platinum hedge fund is holding a position that hurt them in September but could turn out to be a big winner in October.

TT International long in the Ten Year U.S. Treasury Note

The hedge fund is currently long the Ten Year U.S. Treasury Note, which rises in value as interest rates fall.  During the stock market sell-off of last week, the position paid off handsomely, as the price moved higher from just above 123 to touch 128 in a little over a week. Many hedge funds took the opposite side of the trade and got slaughtered on the the short bet. Here is one  fund manager likely feeling pain over a massive short...