March 5. Non-Commercial Specs in Tens… net short
A friend sent COT net non-commercial position in TY (thanks KW), which I have overlaid with the front contract in TY. The last time the net short was this extreme was after Trump’s election, and a rally ensued as shorts were squeezed out. Is the same price action in the offing this time around? Certainly the TY contract appears to have had a technical breakout to the downside, and increased treasury supply in well known.
Just something to bear in mind….
