Leveraged funds cut 39,342 contracts of long exposure in the 10 year note and added 19,155 new shorts, taking the net position to short 2,177,248 out of 6,487,708 open interest. Equity index funds leaned the same way. E mini S&P 500 shorts grew by 75,139 contracts, pushing the net short to 316,802, and Nasdaq shorts added another 15,754 to bring that net short to 96,145.
On the commodity side the flows split. Corn funds covered 23,297 shorts and moved net long to 181,946, while soybeans saw the opposite, with 19,175 contracts of long liquidation dragging the net position down to 125,466. Wheat funds added another 11,471 shorts to an already short book. Gold funds covered 6,906 shorts, copper funds added 10,797 new longs, and sugar funds covered 19,413 shorts on the week.
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