Speculators raise bearish U.S. 10-year T-note futures bets after Sept jobs data-CFTC

Reuters

Nov 1 (Reuters) - Speculators raised net bearish bets onU.S. 10-year Treasury note futures last week despite a mildlydisappointing jobs report in September, according to CommodityFutures Trading Commission data released on Friday.

The amount of speculators' bearish, or short, positions in10-year Treasury futures exceeded bullish, or long, positions by142,550 contracts on Oct. 22, according to the CFTC's latestCommitments of Traders data.

A week earlier, speculators held 99,788 net short positionsin 10-year T-note futures.

The CFTC Commitments of Traders data have been delayed dueto the 16-day government shutdown in the first half of October.

U.S. 10-year Treasury note futures on the Chicago Board ofTrade for December delivery fell 20/32 in price on theday at 126-23/32, the lowest in about two weeks.

In the cash market, the yield on 10-year Treasury notes rose 8 basis points to 2.625 percent, near atwo-week high due to stronger-than-expected report on U.S.manufacturing.

On Oct. 22, the government said U.S. companies added 48,000workers in September. While the job count for August was revisedhigher, employment gains in July were revised lower and were theweakest since June 2012.

Speculative net shorts in five-year Treasury note futures fell to 112,814 on Oct. 22, down 15,114 from the priorweek..

Speculators' short positions in two-year T-note futures exceeded longs by 13,066 contracts on Oct. 22, which was19,209 fewer than the previous week..

Speculators turned net short in 30-year bond futures by 10,727 contracts on Oct. 22, compared with a net long of11,429 a week earlier, according to the latest CFTC Commitmentsof Traders figures.

Speculative longs in ultra-long T-bond futures exceeded shorts by 8,279 contracts on Oct. 22, up 3,180 from theprevious week..

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