A Record net short in Eurodollar futures

With the Ten Year US Treasury note touching the lower end of the “Trump election” range at 2.31%, a Deutsche Bank report analyzing Commodity Futures Trading Commission’s Commitment of Traders (COT) report shows speculative interests positionedfor a move in the opposite direction. While interest rates were important — particularly given a weak US jobs report Friday — these same “specs” decreased their short exposures in the euro currency – especially Eurodollar futures  – ahead of interesting electoral developments in the region.

Eurodollar futures – Certain professional traders caught on the wrong side of a bad US jobs number

It has been three weeks running that professional commodity futures speculators have reduced their net...