NEW YORK – 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.
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
(Reporting by Gertrude Chavez-Dreyfuss, Editing by Rosalba O’Brien and Dan Grebler)
