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CFTC Shows Hedge Funds Building Net Short, While Asset Managers Extend Net Long

US TSY FUTURES
HomepageBond Market NewsBulletMarketsFixed Income Bullets

The latest CFTC CoT report showed an extension of the recent major positioning themes through June 25.

  • Hedge fund net shorts in TU futures extended to a fresh record, while the cohort’s net short positioning in WN futures moved to the most extreme level since ’22. They extended net shorts in all contracts outside of UXY futures.
  • Meanwhile, asset managers generally took the other side as they built on net longs in most contracts, only trimming existing net longs in FV & WN futures.
  • Overall, non-commercial net shorts were trimmed in TU, TY & UXY futures, while net shorts were extended in FV, US & WN futures.
  • A reminder that Tsy futures positioning metrics will be skewed by basis trade positions.

Source: MNI - Market News/CFTC/Bloomberg

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The latest CFTC CoT report showed an extension of the recent major positioning themes through June 25.

  • Hedge fund net shorts in TU futures extended to a fresh record, while the cohort’s net short positioning in WN futures moved to the most extreme level since ’22. They extended net shorts in all contracts outside of UXY futures.
  • Meanwhile, asset managers generally took the other side as they built on net longs in most contracts, only trimming existing net longs in FV & WN futures.
  • Overall, non-commercial net shorts were trimmed in TU, TY & UXY futures, while net shorts were extended in FV, US & WN futures.
  • A reminder that Tsy futures positioning metrics will be skewed by basis trade positions.

Source: MNI - Market News/CFTC/Bloomberg