U.S. Treasury 5-year note futures' net shorts hit largest in a year -CFTC data

NEW YORK (Reuters) – Speculators’ net bearish bets on U.S. 5-year Treasury note futures rose to their largest since November 2020, according to Commodity Futures Trading Commission data released on Monday.

FILE PHOTO: Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo

Futures on U.S. five-year notes, which have come to reflect rate hike expectations, showed net shorts of 407,485 contracts based on CFTC data in the week ended Nov. 9.

Meanwhile, U.S. 10-year Treasury note futures fell in the latest week.

The amount of speculators’ bearish, or short, positions in 10-year Treasury futures exceeded bullish, or long, positions by 267,332 contracts last week.

A week earlier, speculators held 268,669 net short positions in 10-year T-note futures, the most since February 2020.

Below is a table of the speculative positions in Treasury futures on the Chicago Board of Trade and in Eurodollar futures on the Chicago Mercantile Exchange in the latest week:

U.S. 2-year T-notes (Contracts of $200,000)

09 Nov 2021 Prior week

week

Long 345,187 329,143

Short 361,924 392,251

Net -16,737 -63,108

U.S. 5-year T-notes (Contracts of $100,000)

09 Nov 2021 Prior week

week

Long 258,018 317,689

Short 665,503 694,042

Net -407,485 -376,353

U.S. 10-year T-notes (Contracts of $100,000)

09 Nov 2021 Prior week

week

Long 491,821 496,137

Short 759,153 764,806

Net -267,332 -268,669

U.S. T-bonds (Contracts of $100,000)

09 Nov 2021 Prior week

week

Long 132,694 121,529

Short 160,766 154,076

Net -28,072 -32,547

U.S. Ultra T-bonds (Contracts of $100,000)

09 Nov 2021 Prior week

week

Long 58,213 47,132

Short 358,995 339,743

Net -300,782 -292,611

Eurodollar (Contracts of $1,000,000)

09 Nov 2021 Prior week

week

Long 1,581,479 1,561,061

Short 2,553,389 2,554,434

Net -971,910 -993,373

Fed funds (Contracts of $1,000,000)

09 Nov 2021 Prior week

week

Long 48,886 50,587

Short 116,835 113,055

Net -67,949 -62,468

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