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US TSY FUTURES: CFTC Shows Asset Mgers & Hedge Funds Had Cover Bias After Elex

US TSY FUTURES
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

The latest CFTC CoT report pointed to cover dominating amongst hedge fund and asset manager positioning during the initial rounds of post-election trade (in DV01 adjusted terms).

  • Asset managers covered longs in FV, TY & WN futures, while they added to existing longs in TU, UXY & US futures. The cohort remains net long across all futures.
  • Levered funds covered shorts in TY & WN futures, while adding to shorts in TU, FV, UXY & US futures. The cohort remains net short across all futures.
  • Meanwhile, net non-commercial positioning saw a mix of net short trimming and setting, remaining net short in all contracts (full details in table below).

Source: MNI - Market News/Bloomberg

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The latest CFTC CoT report pointed to cover dominating amongst hedge fund and asset manager positioning during the initial rounds of post-election trade (in DV01 adjusted terms).

  • Asset managers covered longs in FV, TY & WN futures, while they added to existing longs in TU, UXY & US futures. The cohort remains net long across all futures.
  • Levered funds covered shorts in TY & WN futures, while adding to shorts in TU, FV, UXY & US futures. The cohort remains net short across all futures.
  • Meanwhile, net non-commercial positioning saw a mix of net short trimming and setting, remaining net short in all contracts (full details in table below).

Source: MNI - Market News/Bloomberg