US Tsy Futures: CFTC/COT, Specs New Rec Short 5s & Ultra Bond

     CHICAGO - Commodity Futures Trading Commission/Commitment of Traders data

for the period ending May 1 details.

     The latest report showed large speculative accounts scaled back positions

across much of the curve, but extended net shorts in 5s and Ultras to new record

levels.

     In the short end, large specs pared net longs in Fed funds by -107,462 to

finish +109,042, and added to net shorts in Eurodollars by -70,886 to -3,952,082

(just off record short of -4,051,527 from April 17, 2018).

     In notes, the group pared net shorts in the 2-year note by 8,028 to

-61,236, while extending net shorts in the 5-year note by -9,677 to a new record

short of -591,849.

     In the 10-year note, the group scaled back from prior record short of

-462,133 by +16,455 to finish the latest period -445,678.

     In the long end, the group reversed prior net longs in the 30-year Bond of

+18,321 to -6,709 (-25,030 net), and extended net shorts in the Ultra-bond by

-11,625 to a new record short of -171,600.

                       May 1     Apr 24      Rec Long          Rec Short

Fut Only 2Y Notes    -61,236    -69,264   234,808 7/31/12   -329,066 1/30/18

Combined 2Y Notes    -59,627    -66,108   235,621 5/03/11   -310,549 10/17/17

Fut Only 5Y Notes   -601,526*  -591,849   402,448 5/06/08   -601,526 5/01/18

Combined 5Y Notes   -577,580*  -560,798   387,383 5/06/08   -577,580 5/01/18

Fut Only 10Y Note   -445,678   -462,166*  608,492 8/14/07   -462,133 4/24/18

Combined 10Y Note   -410,513   -429,387*  668,018 8/7/07    -429,387 4/24/18

Fut Only 30Y Bond     -6,709     18,321   106,002           -178,500

Combined 30Y Bond     -4,708     17,175   122,839 12/19/17  -172,009

Fut Only Ultra Bd   -171,600*  -159,975    28,763 6/05/12   -171,600 5/01/18

Combined Ultra Bd   -171,887*  -160,159    28,763 6/05/12   -171,887 5/01/18

Fut Only 3m Euro$ -3,952,082 -3,881,196 1,822,601 3/4/08  -4,051,527 4/17/18

Combined 3m Euro$ -3,017,648 -2,883,503 1,501,690 4/20/10 -3,079,702 4/17/18

Fut Only 30d Fed Fd  109,042    216,504   332,320 6/24/08   -286,041 8/8/17

Combined 30d Fed Fd  108,786    216,156   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]