Fed: Decomposing Hedge Funds' U.S. Treasury Exposures
June 23, 2026
June 23, 2026
WASHINGTON, June 23 -- The Federal Reserve issued the following Fed Notes article:
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Decomposing Hedge Funds' U.S. Treasury Exposures
By Phillip J. Monin/1
Between 2023 and September 2025, large hedge funds' gross U.S. Treasury exposures doubled to $4.0 trillion, comprising $2.4 trillion in long exposure and $1.6 trillion in short exposure./2 This growth outpaced that of the broader Treasury market, with hedge funds' Treasury . . .
* * *
Decomposing Hedge Funds' U.S. Treasury Exposures
By Phillip J. Monin/1
Between 2023 and September 2025, large hedge funds' gross U.S. Treasury exposures doubled to $4.0 trillion, comprising $2.4 trillion in long exposure and $1.6 trillion in short exposure./2 This growth outpaced that of the broader Treasury market, with hedge funds' Treasury . . .