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But we saved everything 🙂.
Peter Berezin highlights that hedge funds have been financing the purchase of high-yielding long-term U.S. Treasuries with cheaper short-term debt.
He notes that if long-term bond prices continue to decline, hedge funds may be forced to liquidate their trades, which could result in even higher yields.
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Berezin recently commented on trends in other sectors as well. He noted that analysts expect hyperscalers to see margin growth as they absorb rising AI hardware costs. This follows a period of significant investment in new technology assets.