Yeah so, this is worth noting as you ride off into the weekend sunset.

The latest CFTC data out this afternoon and current through Tuesday as usual shows that specs are now the most net short the 2Y since 2007.

As Bloomberg writes, “a total $4.8m/DV01 was cut in 2Y futures by specs [while] net positioning in 10Y futs remains near YTD highs.”

So flattening it is. Or at least flattening they think it will be.