Bearish bets on two-year Treasury futures largest since December -CFTC data
Adds details, table
Oct 25 (Reuters) -Speculators raised their net short bets on two-year Treasury futures to the largest since December in the latest week, while bearish bets on benchmark 10-year notes were the smallest since August, according to data from the Commodity Futures Trading Commission on Friday.
Net shorts on two-year Treasury futures 1042601NNET rose to 1,380,910 contracts 1042601NNET in the week ended Oct. 22, from 1,342,260 the previous week.
Bearish bets on 10-year Treasury futures 1043602NNET fell to 848,191 contracts from 865,065, the data showed.
Treasuryyields have risen this month after a much stronger-than-expected U.S. jobs report for September led traders to adjust for the likelihood of less dovish Federal Reserve policy.
Rising expectations that Donald Trump will win the Nov. 5 U.S. presidential election has added to the move higher in yields.
Net short bets on five-year note futures 1044601NNET grew to 1,640,987 contracts from 1,630,024.
Bearish positions on U.S. bonds 1020601NNET increased to 73,837 contracts from 60,178.
U.S. Long T-bonds 1020604NNET short bets rose to 342,303 contracts, the most since August, from 321,226, data showed.
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)
22 Oct 2024 week | Prior week | |
Long | 579,281 | 557,715 |
Short | 1,960,191 | 1,899,975 |
Net | -1,380,910 | -1,342,260 |
U.S. 5-year T-notes (Contracts of $100,000)
22 Oct 2024 week | Prior week | |
Long | 485,990 | 452,589 |
Short | 2,126,977 | 2,082,613 |
Net | -1,640,987 | -1,630,024 |
U.S. 10-year T-notes (Contracts of $100,000)
22 Oct 2024 week | Prior week | |
Long | 478,831 | 477,930 |
Short | 1,327,022 | 1,342,995 |
Net | -848,191 | -865,065 |
U.S. T-bonds (Contracts of $100,000)
22 Oct 2024 week | Prior week | |
Long | 390,276 | 388,158 |
Short | 464,113 | 448,336 |
Net | -73,837 | -60,178 |
U.S. Long T-bonds (Contracts of $100,000)
22 Oct 2024 week | Prior week | |
Long | 168,092 | 164,282 |
Short | 510,395 | 485,508 |
Net | -342,303 | -321,226 |
Reporting By Karen Brettell; Editing by Leslie Adler and Diane Craft
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