US Tsy Futures: CFTC/COT, Sell Across Curve, Record Short 10s

CHICAGO (MNI) - Commodity Futures Trading Commission/Commitment of Traders data

for the period ending July 3 details.

Large speculative accounts sold across the curve, paring longs (2s, Fed funds)

while extending shorts everywhere else along the curve, 10Y making new record

shorts. 

In the short end, large specs pared net longs in Fed funds by -87,193 to finish

+133,370, and added to net shorts in Eurodollars for the first time in weeks by

a whopping -359,129 to -3,200,581. 

In notes, the group reversed net longs in the 2-year note from +23,451 to

-11,043 (-34,494 net), and added net shorts in the 5-year note by -1,893 to

-548,119. 

In the 10-year note, the group extended shorts by -144,752 to new record short

of -500,076. 

In the long end, the group added to net shorts in the 30-year Bond by -5,799 to

-15,776, and added net shorts in the Ultra-bond by -8,482 to finish -194,199

(very close to record short of -194,423 from May 22 of this year).

                       Jul 3     Jun 26      Rec Long          Rec Short

Fut Only 2Y Notes    -11,043     23,451   234,808 7/31/12   -329,066 1/30/18

Combined 2Y Notes     -4,824     30,550   235,621 5/03/11   -310,549 10/17/17

Fut Only 5Y Notes   -548,119   -546,226   402,448 5/06/08   -656,908 5/08/18

Combined 5Y Notes   -540,718   -546,965   387,383 5/06/08   -630,199 5/08/18

Fut Only 10Y Note   -500,076*  -355,324   608,492 8/14/07   -540,076 7/06/18

Combined 10Y Note   -400,271   -284,994   668,018 8/7/07    -429,387 4/24/18

Fut Only 30Y Bond    -15,766     -9,977   106,002           -178,500

Combined 30Y Bond    -25,172    -16,207   122,839 12/19/17  -172,009

Fut Only Ultra Bd   -194,199   -185,717    28,763 6/05/12   -194,423 5/22/18

Combined Ultra Bd   -194,494   -185,768    28,763 6/05/12   -194,949 5/22/18

Fut Only 3m Euro$ -3,200,581 -2,841,453 1,822,601 3/4/08  -4,051,527 4/17/18

Combined 3m Euro$ -2,698,745 -2,378,850 1,501,690 4/20/10 -3,110,209 5/08/18

Fut Only 30d Fed Fd  133,370    220,563   332,320 6/24/08   -286,041 8/8/17

Combined 30d Fed Fd  133,203    219,071   333,657 6/24/08   -286,025 8/8/17

*Denotes new record

--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com

[TOPICS: MTABLE]