10 Year Treasury Note Non-Commercial Positions:
Large speculators reduced their net positions in the 10-year treasury note futures markets last week for a second straight 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 212,066 contracts in the data reported through June 6th. This was a weekly decline of -46,099 contracts from the previous week which had a total of 258,165 net contracts.
Speculative positions have now dropped by -150,435 net contracts over the past two weeks after bullish bets had surged to their best position since 2007 on May 23rd at +362,501 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 -59,974 contracts last week. This was a weekly rise of 30,139 contracts from the total net of -90,113 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 $107.73 which was a gain of $0.62 from the previous close of $107.11, according to ETF market data.