Speculators trimmed net bullish positions in US 10-yr treasury futures

FXStreet (Mumbai) - The data released by the Commodity Futures Trading Commission (CFTC) for the week ended Dec 1 showed traders trimmed overall bullish bets last week, after having pushed the same to a new bullish position in the previous week.

The non-commercial futures contracts of US 10-year treasury note futures, traded by large speculators and hedge funds, weekly change of -19,593 net contracts a net position of +15,519 contracts. The weekly bullish positions rose by 24,634 contracts, while the bearish positions rose by 44,227 contracts.

The commercials, hedgers or traders engaged in buying and selling for business purposes, reduced their overall bullish positions to a total net position of +139,948 contracts.

Week ahead- Econ calendar looks packed; China trade data, BoE rate decision in focus

After an action packed last week markets should now prepare themselves to deal with the impact of economic indicators to be released this week by major economies. All eyes will be on the slew of data ranging from CPI/PPI figures to machinery orders to unemployment rates to home loans. Markets will particularly watch out for the Chinese trade balance data as it will help experts understand the degree of slowdown and its probable impact on global economy. As China moves towards a consumer led growth model, there is much curiosity around its CPI data. BoE’s rate decision and its impact on the very strong sterling will again be monitored with great interest. NZ rate decision will also be out this week and there is likely to be a cut in rates. In Australia, as the economy tries to rebalance away from the resource sector, it will be worthwhile to note how employment has been impacted.
Read more Previous

Riksbank seen ‘on hold’ this month – Danske Bank

Kristoffer Lomholt, Analyst at Danske Bank, sees the Nordic central bank keeping its benchmark rates unchanged at its December meeting...
Read more Next