Eurodollar Non-Commercial Speculator Positions:
Large interest rate speculators cut back on their bearish net positions in the Eurodollar Futures markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Eurodollar futures, traded by large speculators and hedge funds, totaled a net position of -2,880,784 contracts in the data reported through Tuesday August 21st. This was a weekly boost of 25,998 contracts from the previous week which had a total of -2,906,782 net contracts.
Eurodollar speculators have seen their bearish bets decrease in each of the past six weeks and by a total of 410,583 contracts over that time-frame. The current overall standing is now at the least bearish level of the past eight weeks.
Eurodollar Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 3,553,322 contracts on the week. This was a weekly boost of 3,056 contracts from the total net of 3,550,266 contracts reported the previous week.
ED Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $97.045 which was a boost of $0.035 from the previous close of $97.01, according to unofficial market data.