Jun 02/14 – Are bond specs digging themselves a bigger hole?

I can’t seem to track down who said it, but one of the guys I follow on Twitter had an amusing anecdote about the recent carnage in the bond market. The tweet conveyed something to the effect of:

I am at a wedding with lots of plugged in macro hedge fund managers, and everyone is swapping horror stories about which Eurodollar contract they are short.

For …