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To: Joan Osland Graffius who wrote (132343)11/1/2001 1:42:08 PM
From: patron_anejo_por_favor  Read Replies (4) | Respond to of 436258
 
Did they ever!<G>

Your post piqued my interest...just how were the commercials positioned going into this little sleight of hand? Looks like more than a few were "looking down":

U.S. TREASURY BONDS - CHICAGO BOARD OF TRADE
REPORTABLE POSITIONS AS OF 10/23/01 |
-------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|----------------|-----------------|----------------
LONG | SHORT |SPREADING| LONG | SHORT | LONG | SHORT | LONG | SHORT
------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE) OPEN INTEREST: 549,477
COMMITMENTS
75,295 74,345 10,412 367,209 398,358 452,916 483,115 96,561 66,362

CHANGES FROM 10/16/01 (CHANGE IN OPEN INTEREST: -1,527)
-3,699 3,776 -188 3,200 -5,977 -687 -2,389 -840 862

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
13.7 13.5 1.9 66.8 72.5 82.4 87.9 17.6 12.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 157)
36 18 13 63 75 105 102