Free Trial

US TSY FUTURES: CFTC Shows HF Short Setting & A Managers Long Building Pre-NFP

US TSY FUTURES

Familiar positioning themes reasserted themselves in the latest CFTC report, which showed hedge funds adding to net shorts (outside of UXY futures) and asset managers building on net longs (outside of WN futures) in the week through September 3.

  • Overall non-commercial positioning saw a mix of extensions (FV, TY & US) and covering (TU, UXY & WN) of existing net shorts.
  • The reporting period did not capture last week’s raft of labor market data and pre-blackout Fedspeak from Waller & Williams, which most have taken as indicative of a 25bp cut from the Fed come the end of next week’s decision.

Source: MNI - Market News/CFTC/Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.