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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 shows non-commercial net shorts being added to in most Tsy futures contracts through July 9, with the only exception coming via a reduction in net short positioning in UXY futures.
- Looking a little deeper, asset mangers trimmed net longs in UXY futures, while hedge funds trimmed net shorts. The latter was slightly more sizeable.
- The latest CFTC report doesn’t capture the bullish reaction to the much softer-than-expected U.S. CPI data (released on July 11).
- A reminder that positioning metrics within the CFTC CoT report will be skewed by basis trades.
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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