December 03, 2024 11:22 GMT
US TSY FUTURES: CFTC CoT Shows Continued Cover From Asset Mgers & Hedge Funds
US TSY FUTURES
The latest CFTC CoT report showed another week of net cover by the asset management and hedge fund cohorts (through November 26).
- Asset managers reduced net longs in all contracts outside of WN futures, although they remain net long across the board.
- Meanwhile, hedge funds cut net shorts in TU, FV, US & WN futures, while adding to net shorts in TY & UXY futures. They remain net short across all contracts.
- Non-commercial net positioning saw a mix of net shorts being added to and reduced, with net short cover in TU and FV futures providing the biggest swings. Non-commercial net short positioning remains intact across all contracts.
- A reminder that the presence of basis trades will skew positioning figures provided within the CFTC CoT.
Source: MNI - Market News/CFTC/Bloomberg
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