Institution: The Federal Reserve will adopt a "super dovish" stance, betting on U.S. two-year Treasury bonds
Hedge fund Tolou Capital Management has established a leveraged long position in two-year U.S. Treasury bonds, believing that Federal Reserve Chairman Jerome Powell will be replaced by a "super dove," who will significantly cut interest rates at the urging of former President Donald Trump. Tolou Capital's Chief Investment Officer Spencer Hakimian began to go long three weeks ago, betting that short-term bond yields will decline significantly in the next 12-18 months; Powell's term is set to expire in May 2026, and Trump recently stated that he would "soon" appoint a successor
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