Short positions in 10-year Treasury rise to 10-month high

Short positions in 10-year Treasury rise to 10-month high

Speculators’ net bearish bets on U.S. 10-year Treasury note futures rose in the latest week to the highest since May 2020, according to Commodity Futures Trading Commission data released on Friday.

The amount of speculators’ bearish, or short, positions in 10-year Treasury futures exceeded bullish, or long, positions by 95,611 contracts on March 2, according to the CFTC’s latest Commitments of Traders data.

A week earlier, speculators held 2,789 net long positions in 10-year T-note futures.

Treasury yields have surged in recent weeks on rising inflation expectations and improving economic data. The benchmark 10-year Treasury on Friday hit its highest level since February 2020, before the coronavirus pandemic took hold in the United States.

The CFTC data, which covers the seven-day period through March 2, shows that investors early this week were betting that Treasury prices would continue to fall as yields rose.

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Published at Fri, 05 Mar 2021 21:17:06 +0000