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Weekly CFTC U.S. Fixed Income Positioning: Steepening Impetus Favoured

US TSYS

The latest round of weekly CFTC positioning data (covering the week through Tuesday 20 October) pointed to a broader net exposure to steepeners in the U.S. Tsy futures space, in keeping with the general direction of the cash Tsy market. Still, the move witnessed in futures was more reflective of a twist steepening pattern, as opposed to the outright bear steepening that was seen in the cash Tsy space, while TY futures positioning remains net long (albeit with no real statistical significance).

  • ZN positioning registered another fresh record short in the most recent week captured by the CFTC.

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

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