The 10-Point: Hedge Funds Face Scrutiny Over Growing Treasury Footprint — WSJ Newsletter
Emma Tucker1. FROM MY DESKThe 10-year Treasury yield touching 5% underscores a new wild card in sovereign debt: hedge funds.With traditional pension funds stepping back, fast-twitch traders have seized a record 7% of the Treasury market, where $1.2 trillion of securities change hands every day.Hedg…