TREE NEWS reports: Speculators reduced their net short position in CBOT US Treasury futures by 58,019 contracts to 68,419 in the week ended Oct. 20, the Commodity Futures Trading Commission said. They also cut the net short in 10-year Treasury futures by 23,809 contracts to 964,293, while increasing the net short in ultra-long Treasury futures by 53,564 contracts to 375,161.
CFTC: Speculators Cut CBOT US Treasury Net Shorts by 58,019 Contracts
The headline cut in the aggregate net short masks divergent positioning across the curve: the reduction was concentrated in shorter-duration contracts while the ultra-long bucket saw a substantial build in shorts. That split suggests positioning was adjusted by tenor rather than as a broad directional retreat, which matters for anyone tracking how speculative flows interact with supply and duration risk at the long end. Whether the ultra-long short build continues alongside further cuts elsewhere is the open question.
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