Summary
[Inflation anxiety is becoming increasingly hot. U.S. bond traders stay away from Treasury bond futures]After data showed that the US CPI rose more than expected in June, U.S. bond futures accelerated yesterday’s decline, further exacerbating the selling pressure in the bond market. The open interest in 10-year Treasury bond futures due in September 2021 decreased by 1.3% to 4.15 million, the lowest level in the history of the contract. The reduced 53,000 contracts are equivalent to $5 billion in 10-year Treasury bonds, and there are currently $117 billion in 10-year Treasury bonds that are not yet due. The withdrawal of 10-year Treasury futures has also echoed in the spot market. JPMorgan Chase’s latest weekly US Treasury customer survey showed that the number of customers with net short positions has decreased, and the neutral ratio is the highest level since the beginning of May. (Golden Ten Data)
In the data show that the United States in JuneCPIAfter the gains exceeded expectations, US Treasury futures accelerated their decline yesterday, further aggravating the selling pressure in the bond market. The open interest in 10-year Treasury bond futures due in September 2021 decreased by 1.3% to 4.15 million, the lowest level in the history of the contract. The reduced 53,000 contracts are equivalent to $5 billion in 10-year Treasury bonds, and there are currently $117 billion in 10-year Treasury bonds that are not yet due. The retreat of 10-year Treasury bond futures also echoed in the spot market. JPMorganThe latest weekly US Treasury customer survey showed that the number of customers holding net short positions decreased, and the neutral ratio was the highest level since the beginning of May.
(Source: Golden Ten Data)
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