Core Insights - The Commodity Futures Trading Commission (CFTC) reported changes in speculative positions for U.S. Treasury futures as of the week ending July 29 [1] Group 1: Speculative Positions - Speculators reduced their net short positions in Chicago Board of Trade (CBOT) 2-year Treasury futures by 45,415 contracts, bringing the total to 1,203,237 contracts [1] - There was an increase of 41,959 contracts in net short positions for 5-year Treasury futures, resulting in a total of 2,511,883 contracts [1] - The net short positions for 10-year Treasury futures rose by 147,096 contracts, reaching a total of 896,630 contracts [1]

Group 1 - Speculators reduced their net short positions in CBOT US 2-year Treasury futures by 147,428 contracts to 1,119,903 contracts as of the week ending May 27 [1] - Speculators also decreased their net short positions in CBOT US 10-year Treasury futures by 81,827 contracts to 769,604 contracts during the same period [1]

Group 1 - Speculators increased net short positions in CBOT US 2-year Treasury futures by 1,439 contracts to 1.2222 million contracts as of the week ending May 20 [1] - Net short positions in US 5-year Treasury futures decreased by 116,500 contracts to 2.18 million contracts [1] - Net short positions in US 10-year Treasury futures decreased by 62,817 contracts to 890,400 contracts [1] - Net short positions in ultra-long Treasury futures decreased by 3,553 contracts to 261,200 contracts [1]

Core Viewpoint - Speculators have increased their net short positions in U.S. Treasury futures across various maturities, indicating a bearish sentiment towards U.S. government bonds [1] Group 1: 2-Year Treasury Futures - As of the week ending May 6, speculators raised their net short positions in CBOT U.S. 2-Year Treasury futures by 14,416 contracts to 1.2208 million contracts [1] Group 2: 5-Year Treasury Futures - The net short positions in U.S. 5-Year Treasury futures increased by 3,925 contracts, reaching a total of 2.2965 million contracts [1] Group 3: 10-Year Treasury Futures - There was a significant rise in net short positions for U.S. 10-Year Treasury futures, which increased by 81,631 contracts to 0.9532 million contracts [1] Group 4: Long-Term Treasury Futures - The net short positions in ultra-long Treasury futures rose by 13,381 contracts, totaling 0.2648 million contracts [1]