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

US TSYS: *** Commodity Futures Trading Commission/Commitment of Traders data for

the period ending July 24 details: large speculative accounts added longs/pared

shorts in the short end -- extended shorts/pared longs across the balance of the

curve w/new record shorts in 5s and the Ultra-bond. In the short end, large

specs added to net longs in Fed funds by +27,911 to finish +155,147, and pared

net shorts in Eurodollars by +119,732 to -3,167,933. In notes, the group added

net shorts in the 2-year note by -29,914 to finish -49,057, and added net shorts

in the 5-year note by -17,010 to new record short of -715,965. In the 10-year

note, the group added to shorts by -40,360 to a new record short of -509,498. In

the long end, the group pared net longs in the 30-year Bond by -14,573 to

+2,405, and added to net shorts in the Ultra-bond by -2,765 to new record short

of -212,674.