Free Trial

*** Commodity Futures Trading...............>

US TSYS: *** Commodity Futures Trading Commission/Commitment of Traders data for
the period ending May 1 details: the latest report showed large speculative
accounts scaled back positions across much of the curve, but extended net shorts
in 5s and Ultras to new record levels. In the short end, large specs pared net
longs in Fed funds by -107,462 to finish +109,042, and added to net shorts in
Eurodollars by -70,886 to -3,952,082 (just off record short of -4,051,527 from
April 17, 2018). In notes, the group pared net shorts in the 2-year note by
8,028 to -61,236, while extending net shorts in the 5-year note by -9,677 to a
new record short of -591,849. In the 10-year note, the group scaled back from
prior record short of -462,133 by +16,455 to finish the latest period -445,678.
In the long end, the group reversed prior net longs in the 30-year Bond of
+18,321 to -6,709 (-25,030 net), and extended net shorts in the Ultra-bond by
-11,625 to a new record short of -171,600.

To read the full story



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.