BRIEF-Preston Hollow Capital announces $115 mln financing transaction
* Preston Hollow Capital - announces $115 million financing transaction for Irving Convention Center Hotel Source text for Eikon:
* Most spec net shorts in 5-year T-notes since November
* Net longs in 30-year T-bonds retreat from most since 2007
Jan 24 Speculators' net bearish bets on U.S. 10-year Treasury note futures rose in the latest week, according to Commodity Futures Trading Commission data released on Friday.
The amount of speculators' bearish, or short, positions in 10-year Treasury futures exceeded bullish, or long, positions by 58,391 contracts on Jan. 21, according to the CFTC's latest Commitments of Traders data.
A week earlier, speculators held 50,790 net short positions in 10-year T-note futures.
On the futures market, the March 2014 10-year T-note contract on Friday ended 10/32 higher at 125-2/32, its highest level since Dec. 19.
U.S. Treasuries rallied as worries about China and emerging markets sparked a global stock market sell-off and spurred safe-haven demand for U.S. government debt.
Prior to the market rally that took place on Thursday and Friday, speculators added to net shorts in five-year Treasury note futures. They held 86,368 more short positions in five-year T-notes than long positions on Tuesday, up 2,839 contracts from the prior week.
This was the most net shorts in five-year T-notes since Nov. 12, according to CFTC data.
Speculators pared their net longs in 30-year bond futures by 1,851 contracts in the latest week to 57,059, according to the latest CFTC Commitments of Traders figures . The prior week's net longs in 30-year futures were the most since November 2007.
Among other maturities, speculators' short positions in two-year T-note futures exceeded longs by 4,970 contracts on Tuesday, according to the most recent data, down 26,256 from the previous week..
They trimmed their net shorts in ultra-long T-bond futures by 2,059 contracts to 15,217..
March 29 Chinese conglomerate CEFC China said on Wednesday it would acquire an about 20 percent stake in U.S. brokerage Cowen Group Inc for about $100 million.