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Some Fresh Extremes In Latest CFTC COT Report

US TSYS

The latest CFTC Commitment of Traders report revealed that net short positioning in TU hit the widest levels (at least in outright terms) since early '19 in the week to November 17. Elsewhere, net length in TY grew, hitting the widest outright levels seen since late '17, while FV & US net shorts were pared backed, the latter by a marginal degree.

  • In the STIR space, net overall exposure in Fed Funds futures was little changed, although marginal trimming resulted in the narrowest net length seen since September '19, when net positioning flipped long. Net length in Eurodollar futures was also trimmed.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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