Hedge Funds Exiting Crowded Trades Fueled Rout in French Bonds

Hedge funds caught on the wrong side of this week’s slump in French bonds were forced to unwind bets rapidly, fueling wild moves that European markets struggled to absorb.

By Georgia Hall and Alice Atkins · Bloomberg Markets

Hedge funds caught on the wrong side of this week’s slump in French bonds were forced to unwind bets rapidly, fueling wild moves that European markets struggled to absorb.