10 Y Treasury Note Speculators Reduced Bearish Net Position For 5th Week
Zachary Storella | Apr 09, 2017 05:05AM ET
10 Year Treasury Note Non-Commercial Positions:
Large speculators decreased their bearish net positions in the 10-Year treasury note futures markets last week for the fifth consecutive 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 -55,766 contracts in the data reported through April 4th. This was a weekly change of 13,653 contracts from the previous week which had a total of -69,419 net contracts.
Speculators have reduced their net short position by over 350,000 contracts after registering a record high bearish position on February 28th and now have the smallest bearish position since November 1st.
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 242,840 contracts last week. This is a weekly decline of -20,826 contracts from the total net of 263,666 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 $105.80 which was a rise of $0.42 from the previous close of $105.38, according to ETF market data.
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