From Friday: Commodity Futures Trading......>

US TSYS: From Friday: 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.