Hedge funds, non-commercials cut net shorts on 10-year Treasury futures -CFTC data

NEW YORK, Jan 17 (Reuters) - Leveraged funds and non-commercial traders pared back their net shorts on U.S. 10-year Treasury futures to the lowest levels since early July, according to data from the Commodity Futures Trading Commission released on Friday.

CFTC data showed that in the week ended Jan. 14, net shorts by leveraged accounts, or hedge funds, on 10-year note futures fell to 1,267,611 contracts 1043602LNET, the lowest in six months.

Non-commercial traders, defined by the CFTC as market participants who take a speculative position in futures without any direct business interest in them, also reduced their net shorts on 10-year futures to 567,935 contracts 1043602NNET.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chris Reese)

((gertrude.chavez@thomsonreuters.com; 646-301-4124))