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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
Friday’s CFTC CoT report showed non-commercial net shorts being added across most Tsy futures contracts as of Tuesday April 2. Modest net long setting in TY futures provided the exception.
- Non-commercial net shorts across the curve remain comfortably off the extremes seen over the last year, in both outright and % of OI terms.
- A reminder that the strong ISM manufacturing survey was released on the Monday April 1 and would have factored heavily into the short setting seen in most contracts.
- Elsewhere, the reaction to Wednesday’s soft ISM services survey will not be captured until next week’s data, with the same holding true for Friday’s NFP release. The latter triggered another round of hawkish Fed repricing.
Source: MNI - Market News/CFTC
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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