A report that net speculative long positions in Treasuries has fallen off a cliff draws wonder...

|By:, SA News Editor

A report that net speculative long positions in Treasuries has fallen off a cliff draws wonder from David Adler, given the Fed is likely to announce today an operation to lower long term rates. However, with the 10 year falling 125 basis points over the last 3 months, it's likely traders have had their fill of frontrunning the Bank of Bernanke.