**[U.S. Treasury Futures Undergoing Large-Scale Deleveraging by Asset Management Institutions, Signs of Forced Selling Emerge]** Golden Finance reported on October 10 that asset management institutions are selling long-duration U.S. Treasury futures contracts, indicating signs of forced selling as yields on cash bonds hover near multi-year highs. Data from the U.S. Commodity Futures Trading Commission (CFTC) shows that in the two weeks ending October 6, net long positions in ultra-long Treasury futures held by asset management institutions decreased by approximately $27 million in risk per basis point. This is equivalent to about $38 billion in the current benchmark 10-year U.S. Treasury cash bond scale. During the same period, as the yield on 30-year U.S. Treasuries rose to a 24-year high of 5.68%, futures contract prices dropped significantly. This is part of a months-long sell-off in U.S. Treasuries, driven by concerns over inflationary impacts from a potential U.S.-Israel war, worsening global government fiscal conditions, and the artificial intelligence (AI) boom further stimulating the U.S. economy, which the Federal Reserve is attempting to cool.