CFTC data shows speculators pile into 5-year Treasury shorts for week of November 3, 2026

Five-year Treasury futures shorts jumped by 246,314 contracts while S&P 500 bears eased off and Bitcoin futures held a modest net long Speculators added 246,314 contracts to their net short position in CBOT US 5-year Treasury futures in the week of November 3, 2026. That brought the total to 1,275,370 contracts, the largest net short of any position in the latest Commodity Futures Trading Commission data. The figures come from the CFTC’s weekly Commitments of Traders report. The report shows how different groups of traders are positioned across futures markets. This week it covered equity index futures, Treasury futures on the CBOT and CME, and CME Bitcoin futures. Equity speculators back off their S&P 500 bearishness Equity fund speculators cut their S&P 500 CME net short position by 27,501 contracts, leaving it at 345,246. Equity fund managers barely moved. They raised their S&P 500 CME net long position by 55 contracts to 917,568. The split between the two groups is the more interesting detail. Speculators are short. Managers are long, and their net long is much larger than the speculators’ net short. The research summary attached to the data reads the short redu...