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Speculative US 10-year T-note net shorts hit record high

Speculative US 10-year T-note net shorts hit record high

NEW YORK: Speculators increased their bearish bets on US 10-year Treasury note futures to a record high last week as the yield curve reached its flattest level in nearly 11 years, according to Commodity Futures Trading Commission data.

The amount of speculators’ bearish, or short, positions in 10-year Treasury futures exceeded bullish, or long, positions by 500,076 contracts on July 3, according to the CFTC’s latest Commitments of Traders data released on Monday.

A week earlier, speculators held 355,324 net short positions in 10-year T-note futures.

Copyright Reuters, 2018

Source: Brecorder

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