10-Year Note Speculators Raised Bullish Bets For 1st Time In 4 Weeks
Zachary Storella | Jul 23, 2017 04:42AM ET
10-Year Note Non-Commercial Speculator Positions:
Treasury speculators raised their bullish net positions in the 10-Year Note futures markets this week for the first time in four weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of 282,329 contracts in the data reported through Tuesday July 18th. This was a weekly rise of 25,302 contracts from the previous week which had a total of 257,027 net contracts.
Speculative positions had fallen the previous three weeks by a total of -88,145 net contracts but the overall bullish standing has continued to remain above the +250,000 net contract level for six consecutive weeks.
10-Year Note Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -132,044 contracts on the week. This was a weekly shortfall of -68,208 contracts from the total net of -63,836 contracts reported the previous week.
iShares 7-10 Year Treasury Bond (NYSE:IEF) ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $106.92 which was a rise of $0.87 from the previous close of $106.05, according to unofficial market data.
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