U.S. Treasury 10-year note futures' short bets largest since February 2020 -CFTC

BY Reuters | TREASURY | 11/29/21 04:00 PM EST

NEW YORK, Nov 29 (Reuters) - Speculators' net bearish bets on U.S. 10-year Treasury note futures rose to their largest since roughly mid-February 2020, according to Commodity Futures Trading Commission data released on Monday.

Futures on U.S. 10-year notes showed net shorts of 323,415 contracts in the week ended Nov. 23, according to the CFTC's latest Commitments of Traders data. A week earlier, speculators held 294,141 net short positions in 10-year T-note futures. (Reporting by Gertrude Chavez-Dreyfuss Editing by Nick Zieminski)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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