Jan 17, 07:22 PM

U.S. Treasury Trading Volumes Surge; 10-Year Note Leads as Brent Crude Futures Net-Length Rises by 27,473 Contracts

U.S. Treasury markets showed increased activity as trading volumes surged, particularly in the 10-year note, with overall open interest slightly up. A notable block trade occurred at the CME, involving 52,000 contracts of the 2-year Treasury note at a price of 102-22625, alongside a corresponding 23,000 contracts of the Ultra 10-year note priced at 110-175. This trade, valued at approximately $2 million in DV01, reflects a broader trend of aggressive buying in the long-end of the Treasury curve, which is on the verge of its first consecutive daily gain in a month. Additionally, money managers increased their net-length in Brent crude oil futures by 27,473 contracts to a total of 254,332, while reducing their net-length in WTI crude oil futures by 15,672 contracts, bringing the total to 230,692 as of January 14. The changes in positions indicate a shift in market sentiment, with long-only positions in Brent rising and short-only positions in WTI increasing slightly.

#Ultra #Treasury #Brent

Written with ChatGPT (GPT-4o mini).