10 Year Treasury Note Speculators Decreased Their Net Bearish Positions
Zachary Storella | Apr 23, 2017 05:16AM ET
10 Year Treasury Note Non-Commercial Positions:
Large speculators continued to cut back on 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 -41,300 contracts in the data reported through April 18th. This was a weekly change of 23,229 contracts from the previous week which had a total of -64,529 net contracts.
10-year speculative bearish positions have fallen for six out of the past seven weeks following a record high bearish position of -409,659 on February 28th.
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 197,003 contracts last week. This is a weekly decline of -55,055 contracts from the total net of 252,058 contracts reported the previous week.
IEF 7-10 Year Bond ETF (NYSE:IEF):
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $107.38 which was a gain of $1.09 from the previous close of $106.29, according to ETF market data.
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