10 Year T-Note Speculators Increased Bearish Net Positions For 3rd Week
Zachary Storella | Jan 15, 2017 04:13AM ET
10 Year Treasury Note Non-Commercial Positions:
Large speculators and traders continued to bet against the 10-year treasury note in the 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 -394,689 contracts in the data reported through January 10th. This was a weekly rise in bearish positions by -49,758 contracts from the previous week which had a total of -344,931 net contracts.
Speculators boosted their bearish bets for a third straight week to an almost -400,000 level while the commercial traders have been even more busy buying the 10-year note futures and holding over +600,000 net contracts last week (below).
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 644,559 contracts last week. This is a weekly rise of 95,862 contracts from the total net of 548,697 contracts reported the previous week.
iShares 7-10 Year Treasury Bond (NYSE:IEF):
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $105.44 which was an advance of $0.67 from the previous close of $104.77, according to market data.
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