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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US TSY FUTURES
The latest CFTC CoT report unearthed some familiar patterns, with hedge funds adding to their overall net short position, while asset managers extended their overall net long position.
- Most of those adjustments came in the TY & UXY contracts.
- Hedge funds also extended their record net short position in TU futures.
- This came a time when odds of second Trump Presidency increased, providing bear steepening pressure for the curve.
- A reminder that CFTC CoT positioning figures will be skewed by basis trades.
- Daily OI data in the time since has pointed to net long setting and short cover, following softer-than-expected labour market data and another weak ISM survey (services this time).
Source: MNI - Market News/CFTC/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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