CFTC commitment of traders report was released on Friday (8th April) and cover positions up to Tuesday (5th April). COT report is not a complete presenter of entire market positions, however it represents a good chunk of institutional traders, to feel what’s going on in capital markets and how big traders are aligned.
Kindly note in some cases numbers are rounded to nearest decimal.
- 2 year U.S. Treasury –
Net short position decreased by 16226 contracts to -97.4K contracts. This implies that speculators are expecting bond price to go down and yields to go up, but not as much as previous week.
- 5 year U.S. Treasury –
Speculators increased net short position by 78,053 contracts to -241.2K contracts.
- 10 year U.S. Treasury –
Big shift happened in long term treasuries as speculators increased net short position by 100,442 contracts to -117.3K contracts. Last week, position shifted to net short and further increased today, probably indicating that yield squeeze may have reached limit.
- S&P 500 (E-mini) –
Net short position got reduced by 17887 contracts to -104.2K contracts, indicating speculators are still betting S&P 500 will falter but that bet is being reduced.
- Russell 2000 –
Similar S&P 500 Russell 2000, also saw net decrease in short position, by 297 contracts to -63.4K contracts. Indicating that downside is still open and large.
- MSCI Emerging Markets Mini Index –
Speculators are long over emerging markets and this week further increased their bullish bets. Net long positions saw increase of 10907 contracts to +78.6K contracts.


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