Asset Managers Increase 5-Year and 10-Year Treasury Futures Longs Ahead of Expanded Buyback Announcement

CFTC data for the week ending August 18 shows asset managers increased their net long positions in 5-year and 10-year Treasury futures. Speculative funds such as leveraged funds further shifted their net positions in long-duration Treasury futures toward the short side. Overall, ahead of the U.S. Treasury's announcement of expanded buybacks, the long-end Treasury market showed a divergence in positioning, with long-term funds leaning bullish and speculative funds bearish.