10-Year Treasury Shorts Press Bets To Near-Record Levels

(Click on image to enlarge)

I see reports of new records shorts but I think we slightly missed the mark.

According to the just-released COT’s report by the CFTC: new record shorts in both 5- and 10-year treasury bonds. $SHY $IEF $AGG $TLT @TheTerminal

— James Pillow (@jamespillow) July 27, 2018

Big Specs

• In the past month, the number of long contracts fell from 535,849 to 526,182
• In the past month, the number of short contracts rose from 891,173 to 1,035,680. That's a new record.
• Current Net Short: 509,498. That's a new record.
• Net Short Increase Since June 26: 154,174

Small Specs

• In the past month, the number of long contracts fell from 340,606 to 332,585
• In the past month, the number of short contracts rose from 508,636 to 521,591
• Current Net Short: 189,006.
• Net Short Increase Since June 26: 20,976

Big Specs + Small Specs are net short a combined 698,504. That is slightly under the May 29 Net Short Total of 699,183. (Scroll down to find 10-year-Treasuries).

When this economy turns, the recent treasury bears will get blown out of the water.