* Speculative 2-year T-note net shorts fall from record high
* Speculators build record net shorts in ultra bonds
* Speculative Eurodollar net shorts highest in nine months
(Adds background, details, graphic)
Feb 9 (Reuters) - Speculators' net bearish bets on U.S.
10-year Treasury note futures rose this week to their highest in
almost a year after 10-year bond yields hit a three-year high on
inflation worries, according to Commodity Futures Trading
Commission data released on Friday.
The amount of speculators' bearish, or short, positions in
10-year Treasury futures exceeded bullish, or long, positions by
327,540 contracts on Feb. 6, according to the CFTC's latest
Commitments of Traders data.
This was the most speculative net shorts in 10-year T-note
futures since 409,659 in the week of Feb. 28, 2017.
A week earlier, speculators held 215,600 net short positions
in 10-year T-note futures.
On Monday, the 10-year Treasury yield rose to
2.885 percent, the highest since December 2014, after a strong
payrolls report released a week ago showed the biggest annual
wage increase in more than 8-1/2 years in January.
Among other bond contracts, speculators dialed back the
record level of net shorts on two-year T-note futures to 210,758
contracts on Tuesday.
Speculative net shorts in ultra bond futures hit a record
amount at 145,544 contracts earlier this week.
Net shorts among speculators on Eurodollar futures grew to
3.16 million contracts, the most since the week of May 14.
Below is a table of the speculative positions in Treasury
futures on the Chicago Board of Trade and in Eurodollar futures
on the Chicago Mercantile Exchange in the latest week:
U.S. 2-year T-notes (Contracts of $200,000)
Feb. 6, 2018 Prior week
week
Long 424,408 405,884
Short 635,166 734,950
Net -210,758 -329,066
U.S. 5-year T-notes (Contracts of $100,000)
Feb. 6, 2018 Prior week
week
Long 617,039 631,711
Short 1,070,644 1,025,158
Net -453,605 -393,447
U.S. 10-year T-notes (Contracts of $100,000)
Feb. 6, 2018 Prior week
week
Long 611,811 671,251
Short 939,351 886,851
Net -327,540 -215,600
U.S. T-bonds (Contracts of $100,000)
Feb. 6, 2018 Prior week
week
Long 173,733 188,026
Short 150,585 134,627
Net 23,148 53,399
U.S. Ultra T-bonds (Contracts of $100,000)
Feb. 6, 2018 Prior week
week
Long 57,891 49,120
Short 203,435 187,171
Net -145,544 -138,051
Eurodollar (Contracts of $1,000,000)
Feb. 6, 2018 Prior week
week
Long 820,650 792,333
Short 3,975,659 3,717,236
Net -3,155,009 -2,924,903
Fed funds (Contracts of $1,000,000)
Feb. 6, 2018 Prior week
week
Long 132,765 202,361
Short 251,400 182,566
Net -118,635 19,795
(Reporting by Richard Leong; Editing by James Dalgleish and
Jonathan Oatis)
