10 Year Treasury Note Speculators Cut Their Bearish Net Positions
Zachary Storella | Apr 02, 2017 03:39AM ET
10 Year Treasury Note Non-Commercial Positions:
Large speculators and traders decreased their bearish net positions in the 10-Year treasury note futures markets last week, 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 treasury note futures, traded by large speculators and hedge funds, totaled a net position of -69,419 contracts in the data reported through March 28th. This was a weekly change of 30,935 contracts from the previous week which had a total of -100,354 net contracts.
Speculative bearish positions have now declined for the fourth straight week after registering a record high bearish level on February 28th at -409,659 net contracts. Over the past four weeks, speculators have trimmed their net bearish position by a total of 340,240 contracts.
10 Year Treasury 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 263,666 contracts last week. This is a weekly change of -63,519 contracts from the total net of 327,185 contracts reported the previous week.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $105.38 which was a slight increase of $0.05 from the previous close of $105.33, according to ETF market data.
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