Companies can own a mountain of US government debt without betting that bond prices will rise. Hedge funds buy Treasury securities and sell futures against them to collect a small pricing gap, borrowing most of the purchase money to make the return worthwhile. The government gets another buyer,...
Source: [CryptoSlate](https://cryptoslate.com/hedge-funds-built-a-1-2-trillion-treasury-trade-on-money-they-have-to-keep-borrowing/)