As U.S. Treasuries sell off and yields rise, bond funds are seeing record outflows. Last week alone, investors pulled $23.3 billion from fixed income funds. Unlike the fixed income asset managers, though, the Chicago Mercantile Exchange is loving this sell-off. Crain's Chicago reporter Lynne Marek highlights the link between the CME and rising interest rates: On May 29, CME logged the biggest trading day of its 165-year-history, with nearly 27 million contracts changing hands. That day a Fed official signaled the central bank's plan to ease its buying of U.S. bonds, which has kept interest rates low. The new tack kicked up market volatility and gave traders a need to hedge interest...
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