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COT: Funds sold bonds and stocks ahead of FOMC — #SaxoStrats

Head of Commodity Strategy / Saxo Bank
Denmark
By Ole Hansen

Leveraged funds were continued sellers of bonds ahead of last week's Federal Open Market Committee meeting. This came as the market prepared for a potential hawkish hike. 

The value of the net-short across the four index futures doubled with selling seen in all but the Dow Jones.

Financials
 
Buying at the front of the yield curve was more than offset by the selling of ultra long 10-year and 30-year bonds.

 Source: Bloomberg, Saxo Bank

— Edited by Martin O'Rourke

Ole Hansen is Saxo Bank's head of commodities strategy

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Commitments of Leveraged Traders in Financial Futures

4d
Market Predator Market Predator
Hello Ole. Positioning of Managed Money (even for agricultures+metals... ) is really interesting in conjunction with reality. I mean dovish FED+Hike last week. In my personal view: clear sign that even Funds with big boys might be wrong. Or do You (+ TF community) have different opinion? Next week I expect significant reversal in positions.
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