Sou Hu Cai Jing·2025-06-19 13:15Core Viewpoint - The 2-year government bond futures contract (2509) experienced a slight decline of 0.01% as of June 19, with a trading volume of 29,400 contracts and a net short position among the top 20 positions amounting to 17,506 contracts [1][3]. Group 1: Trading Volume and Positions - The total trading volume for all contracts reached 31,900 contracts, an increase of 1,127 contracts from the previous day [1][4]. - Among the top 20 positions, long positions totaled 90,437 contracts, decreasing by 854 contracts, while short positions totaled 107,943 contracts, decreasing by 1,297 contracts [4]. Group 2: Major Players in Long and Short Positions - The top three long positions were held by: - CITIC Futures with a total holding of 19,088 contracts, an increase of 41 contracts - Ping An Futures with 9,846 contracts, a decrease of 802 contracts - CITIC Jiantou with 8,406 contracts, a decrease of 246 contracts [1][3]. - The top three short positions were held by: - CITIC Futures with a total holding of 37,212 contracts, an increase of 113 contracts - GF Futures with 15,323 contracts, an increase of 139 contracts - Guotai Junan with 9,910 contracts, a decrease of 17 contracts [1][3]. Group 3: Changes in Positions - The top three increases in long positions among the top 20 were: - Dongzheng Futures with 6,898 contracts, an increase of 1,629 contracts - Galaxy Futures with 4,514 contracts, an increase of 400 contracts - Hongyuan Futures with 1,630 contracts, an increase of 83 contracts [1][3]. - The top three decreases in long positions were: - Guojin Futures with 2,696 contracts, a decrease of 1,116 contracts - Ping An Futures with 9,846 contracts, a decrease of 802 contracts - Haitong Futures with 3,685 contracts, a decrease of 378 contracts [1][3]. Group 4: Overall Market Sentiment - The overall sentiment in the market appears to be leaning towards a net short position, as indicated by the decrease in both long and short positions among the top players [1][4].