**As seen in IMM Positioning report 11/13/23, subscribe at cablefxm.co.uk/reports
CFTC data showed leveraged funds' 2yr note futures net short building on the week, the % of open interest in short-term debt futures dropped 3pp to -40.7%, the metric 5-yr low stands at -41.9%
U.S. 10yr note futures net short was trimmed, leveraged funds' % of open interest is now at -25.6%. The position remains at stretched levels, below its 5-yr standard deviation band
In FX, hedge funds dropped their kiwi net long as % of open interest fell sharply on the week. NZD futures interest decline was the largest since mid-September
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