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US TSY FUTURES: CFTC Shows H Funds & A Managers Cutting Exposure To Start ‘25

US TSY FUTURES
USBulletMarketsFixed Income BulletsNorth America

The latest CFTC CoT report showed hedge funds and asset managers lightening their overall net exposure in the week to January 7.

  • Levered funds trimmed net shorts across the curve, unwinding over $16.5mn of DV01 equivalent exposure. They remain net short in all contracts.
  • Asset managers trimmed their net long position. The exception to the broader theme came via FY and TY futures, where they added to existing longs. They remain net long in all contracts.
  • Meanwhile, non-commercial participants added to (TY & WN) and trimmed net short exposure (TU, FV, UXY & US) at different points on the curve.
CFTCCoTTsy140125

Source: MNI - Market News/CFTC/Bloomberg

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The latest CFTC CoT report showed hedge funds and asset managers lightening their overall net exposure in the week to January 7.

  • Levered funds trimmed net shorts across the curve, unwinding over $16.5mn of DV01 equivalent exposure. They remain net short in all contracts.
  • Asset managers trimmed their net long position. The exception to the broader theme came via FY and TY futures, where they added to existing longs. They remain net long in all contracts.
  • Meanwhile, non-commercial participants added to (TY & WN) and trimmed net short exposure (TU, FV, UXY & US) at different points on the curve.
CFTCCoTTsy140125

Source: MNI - Market News/CFTC/Bloomberg