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Tsy futures roll opinions from.......>

US TSY FUTURES
US TSY FUTURES: Tsy futures roll opinions from Societe Generale:
- "Net long positioning" of asset managers "has fallen since the last cycle, and
this, along with a drop in the overall open interest, should result in a weaker
bearish impact on the upcoming calendar rolls."
- Soc Gen concurs the pace of roll "seems subdued in the TU and TY future
contracts, likely the result of the drop in asset managers' net long
positioning." Meanwhile
- "CTDs" from Jun'20 to Sep'20 in 2s-10s, implies "limited curve influence on
the long-end contract calendar rolls."

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