Фьючерсы на 10-летние казначейские облигации США CFTC с привлечением заемных средств, чистая доля открытых интересов

CFTC U.S. 10-Year Treasury Futures Leveraged Fund Net Position Ratio

This indicator is based on data published by the CFTC (U.S. Commodity Futures Trading Commission) and shows the percentage of net positions (the difference between long and short positions) held by leveraged funds in the U.S. 10-year Treasury futures market relative to total open interest (OI) in the market. Leveraged funds are investor groups that seek high returns by utilizing derivatives, and their behavior reflects important indicators of large institutional investor market actions.

This indicator is important because leveraged fund activity has significant impacts on interest rate markets. A high net position ratio indicates that these funds are betting on rising Treasury prices (falling interest rates), while a low ratio suggests they are betting on falling prices (rising interest rates). Their concentrated position building or covering can cause sharp price movements in the market and serve as indicators of future market reversals.

As a general trend, when the ratio reaches extremely high levels (excessively long) or low levels (excessively short), the likelihood of reversal increases. Market participants monitor this signal and use it for risk management and adjustments to trading strategies. In particular, during Fed interest rate policy shifts, changes in this indicator are closely watched as a leading indicator signaling major turning points in interest rate expectations.