Legit Buying Demand or Position Squaring?

Legit Buying Demand or Position Squaring?

Legit Buying Demand or Position Squaring? "Position squaring" is fancy market jargon that refers to closing previously open positions, but it can also refer to taking opposing positions to square up one's risk exposure.  A "position" is just a bet on rates moving higher or lower.  Traders have been in short positions on rates this week (i.e. betting on rates going higher).  Is the squaring of these positions for the 3-day weekend the only way to explain today's moderate mid-day improvement or were there legitimate sources of inspiration? Econ Data / Events