Eurodollar Non-Commercial Speculator Positions:
Large speculators increased their bearish net positions in the Eurodollar futures (not euro currency) markets 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 -4,040,294 contracts in the data reported through Tuesday, May 8th. This was a weekly decrease of -88,212 contracts from the previous week which had a total of -3,952,082 net contracts.
Speculators raised their bearish bets for a second straight week and for the sixth out of the past seven weeks. The overall net position went back over the -4,000,000 net contract level for the first time in three weeks.
Eurodollar Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 4,810,763 contracts on the week. This was a weekly increase of 96,694 contracts from the total net of 4,714,069 contracts reported the previous week.
ED Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $97.0 which was an increase of $0.005 from the previous close of $96.995, according to unofficial market data.