bearish position<\/strong><\/a> since April 2021.<\/p>\nThe net-short exposure over time it could be argued it is approaching a sentiment extreme.
\nNet-short exposure hasn\u2019t ever spent much below -350k.
\nIt\u2019s 3-year Z-score is -2.3 standard deviations.
\nIt\u2019s 1-year SD is 2.9
\nThere are 4.6 bears for every bull.<\/p>\n
But to try and pick a top in yields with some banks now forecasting the Fed to raise rates to 5% next years, it would take a brave trader to try and fight this trend. But what we can see is that traders seem confident that yields could rise further, even at a potential sentiment extreme.<\/p>\n
Traders reduced net-short exposure to silver at their fastest weekly pace in 6-months
\nLarge speculators decreased net-long exposure to gold for a fifth consecutive week
\nManaged funds were net-short for a second consecutive week<\/p>\n
Commodities were broadly under pressure from the US dollar last week, silver posted a 2% gain. And it appears partly down to short-covering alongside an increase of bullish interest. Large speculators closed -6.5k contracts and 1.7k long contracts were opened. This saw net-short exposure rise at its fastes weekly pace in 6-months. Managed funds also added 4.5k long contracts and closed -11.9k short contracts. So we\u2019ll watch silver prices to see if it can break back above $20 before reverting to bullish bias.<\/p>\n","protected":false},"excerpt":{"rendered":"
USD Index COT Data from the commitments of traders report US bond yields have continued to rise in an almost parabolic fashion, with 1 year note now just shy of 4%, and the 2-year at 3.8% with an increasingly inverted yield curve. And large speculators are not shy in capitalizing on these lower bond prices-<\/p>\n... continue reading<\/a>.","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[268,265,187,24,162,293,201],"yoast_head":"\r\nUSD Index COT Data from the commitments of traders report<\/title>\r\n<meta name=\"description\" content=\"US bond yields have continued to rise in an almost parabolic fashion, with 1 year note now just shy of 4%, and the 2-year at 3.8% with an increasingly inverted yield curve.\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/MU\/usd-index-cot-data-from-the-commitments-of-traders-report\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"USD Index COT Data from the commitments of traders report\" \/>\r\n<meta 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