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CFTC Points To Cover From Hedge Funds & Asset Managers

US TSY FUTURES
HomepageBond Market NewsBulletMarketsFixed Income Bullets

The most recent CFTC report revealed a change in approach across two of the major investor groups.

  • Asset managers covered existing long positions in TU through UXY contacts, while hedge funds covered existing shorts across the curve.
  • Overall net commercial positioning saw a reduction in net shorts across the Tsy futures curve.
  • The reporting period included Fed Chair Powell’s dovish Jackson Hole speech and the July FOMC meeting minutes, which also read dovishly.
  • Note futures roll activity may have had some impact, while basis trades will continue to skew positioning metrics.

Source: MNI - Market News/CFTC/Bloomberg

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The most recent CFTC report revealed a change in approach across two of the major investor groups.

  • Asset managers covered existing long positions in TU through UXY contacts, while hedge funds covered existing shorts across the curve.
  • Overall net commercial positioning saw a reduction in net shorts across the Tsy futures curve.
  • The reporting period included Fed Chair Powell’s dovish Jackson Hole speech and the July FOMC meeting minutes, which also read dovishly.
  • Note futures roll activity may have had some impact, while basis trades will continue to skew positioning metrics.

Source: MNI - Market News/CFTC/Bloomberg