The CFTC data is interesting; natural gas short positions are retreating significantly, while U.S. Treasury short positions are increasing. Are funds betting on different macro narratives?

CryptoWorld News reports that the U.S. Commodity Futures Trading Commission (CFTC) has recently issued the following statements: As of the week ending May 19, speculators' net short positions in natural gas across the four major New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE) markets decreased by 20,228 contracts, down to 2,026 contracts. Meanwhile, speculators' net short positions in CBOT U.S. Treasury futures increased by 5,820 contracts, reaching 178,674 contracts.