I see reports of new record shorts but I think we slightly missed the mark.

Big Specs

  • In the past month, the number of long contracts fell from 535,849 to 526,182
  • In the past month, the number of short contracts rose from 891,173 to 1,035,680. That's a new record.
  • Current Net Short: 509,498. That's a new record.
  • Net Short Increase Since June 26: 154,174

Small Specs


  • In the past month, the number of long contracts fell from 340,606 to 332,585
  • In the past month, the number of short contracts rose from 508,636 to 521,591
  • Current Net Short: 189,006.
  • Net Short Increase Since June 26: 20,976

Big Specs + Small Specs are net short a combined 698,504. That is slightly under the May 29 Net Short Total of 699,183. (Scroll down to find 10-year-Treasuries).

When this economy turns, the recent treasury bears will get blown out of the water.

Mike "Mish" Shedlock

10-Year Treasury Short Squeeze Fuel Hits Another Record High

The commitment of traders report shows treasury bears are record short 10-yr treasury futures. They will cover.

Gold Bears Press Bets in Record Numbers

Gold shorts are near a record high as saturating bearishness sets in.

Speculators Record Short 10-Year Futures: Short Squeeze Coming Up?

JPMorgan Chase & Co.’s quantitative and derivatives strategy team warns of potential short squeeze in US treasuries.

Spotlight on the Timing of Treasury Shorts

The lead-in chart, also posted yesterday, shows the progression of treasury shorts. Let's now look at yields and timing.

Treasury Bears Beware: Explosive Short-Covering Rally Coming Up

Zerohedge has an interesting post out today called Treasury Specs Are So Short, It Is Now A 4 Sigma Event. Let’s take a look at his charts and a couple of mine.

Treasury Yields Surge: Crowded Bet a Winner for Now

Treasury yields are up across the board, with the 30-year bond approaching a breakout level.

Hello Treasury Bears: 10-Year Bond Yield Approaching Record Low Yield

Treasury yields are down again today, the 6th straight day of strengthening inversions. 30-year to FF inversion on deck.

30-Year and 10-Year Treasury Yields Approach Record Lows

Curve Watchers Anonymous notes treasury yields on the 10-year notes and 30-year long bond are within spitting distance of all-time low yields.

30-Year Bond Yield Just a Hair from Record Low, 2-10 Yield Spread Near Inversion

Bond yields resumed their post-FOMC crash today after a weak two-day respite. Inversions strengthened across the board.