Surging U.S. Real Yields Make Dollar More Attractive, Fuels Ongoing Rebound

U.S. real yields surging to highest in 15 years, making the dollar more attractive and profitable for bullish investors
Rising real yields also make it more expensive to bet against the dollar
Dollar positioning flipped to a net long of $3.07 billion after being heavily short earlier this year
Factors fueling dollar's rebound include resilient U.S. economy and growth outpacing Europe and China
Some see risks skewed toward more dollar strength with high real yields making investors wary of betting against it