FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSY FUTURES: CFTC CoT Reveals Record Net Short In TY Futures

US TSY FUTURES
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

The latest CFTC CoT report revealed the largest ever net short non-commercial TY position.

  • By investor sub-group, asset managers extended net longs in most contracts, while hedge funds added to net shorts across much of the curve.
  • A reminder that this CFTC CoT report covered the CPI data, pre-blackout Fedspeak and the ‘unofficial’ guidance towards the 50bp cut from both the WSJ & FT.
  • The actual delivery of the 50bp Fed rate cut came the day after the reporting cut off period.
  • CFTC CoT positioning metrics will be skewed by the presence of basis trades.

Source: MNI - Market News/CFTC/Bloomberg

95 words

To read the full story

Close

Why MNI

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.

The latest CFTC CoT report revealed the largest ever net short non-commercial TY position.

  • By investor sub-group, asset managers extended net longs in most contracts, while hedge funds added to net shorts across much of the curve.
  • A reminder that this CFTC CoT report covered the CPI data, pre-blackout Fedspeak and the ‘unofficial’ guidance towards the 50bp cut from both the WSJ & FT.
  • The actual delivery of the 50bp Fed rate cut came the day after the reporting cut off period.
  • CFTC CoT positioning metrics will be skewed by the presence of basis trades.

Source: MNI - Market News/CFTC/Bloomberg