The CFTC’s weekly data showed noncommercial traders held a net short position of 1,275,370 five-year U.S. Treasury note futures contracts as of Nov. 3, providing a snapshot of positioning in the U.S. debt market.
The net short widened by 246,314 contracts from Oct. 27 to Nov. 3. Short positions increased by 205,673 contracts while long positions fell by 40,641. On Nov. 3, traders held 1,922,998 short contracts and 647,628 long contracts.
The CFTC table lists a $100,000 face value for each contract. The report does not identify what led traders to take those positions.
