US10Y - Watch out for speculative short covering
Key Takeaways:
- Large speculators are the most short they have been since 2018 (around -730k contracts)
- In 2018 they started to short cover (or buy back their short position) and US10-Year Treasury Yield started to drop.
- This could happen again so need to watch out.
Data:
US10Y : US10-Year Treasury Yield
COT:043602_F_NCP_L-COT:043602_F_NCP_S : US10-Year Treasury Note Net Futures Positioning by Large Speculators. From CME's Commitment of Traders Report. Calculated by taking total long position minus total short position.
- Large speculators are the most short they have been since 2018 (around -730k contracts)
- In 2018 they started to short cover (or buy back their short position) and US10-Year Treasury Yield started to drop.
- This could happen again so need to watch out.
Data:
US10Y : US10-Year Treasury Yield
COT:043602_F_NCP_L-COT:043602_F_NCP_S : US10-Year Treasury Note Net Futures Positioning by Large Speculators. From CME's Commitment of Traders Report. Calculated by taking total long position minus total short position.
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