FED: US TSY 17W AUCTION: NON-COMP BIDS $485 MLN FROM $69.000 BLN TOTAL

• US TSY 26W AUCTION: NON-COMP BIDS $1.558 BLN FROM $77.000 BLN TOTAL

• US TSY 13W AUCTION: NON-COMP BIDS $1.989 BLN FROM $89.000 BLN TOTAL

The latest CFTC CoT report (through the week ending March 10) showed asset managers adding to their overall net long, while leveraged funds added to their overall net short:

• Asset managers added to their overall net long positioning as net long setting across TU, FV, UXY & WN futures outweighed net long cover in TY & US futures. The cohort remains net long across the curve after adding a net ~$7.1mln DV01 of exposure across the curve.
• Leveraged funds added to their overall net short as meaningful rounds of net short setting across UXY & WN futures comfortably outweighed short cover across the remainder of the curve ($9.1mln DV01 net short added in the latest week). The cohort remains net short across the curve.
• Broader non-commercial net positioning saw net shorts trimmed in TU, FV & TY, while a small net long was added to in US futures and net shorts increased in UXY & WN futures. See the table below for more detail on this cohort’s positioning adjustments.

Source: MNI - Market News/CFTC/Bloomberg Finance L.P.