Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators dropped their bearish bets through March 31st
10 Year Treasuries: Large 10-year treasury note futures traders and speculators cut back on their overall bearish positions last week following a sharp rise in the bearish bets the previous 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 the 10-year treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of -113,810 contracts in the data reported for March 31st. This was a weekly change of +65,997 net contracts from the previous week’s total of -179,807 net contracts that was recorded on March 24th.
For the week, the overall standing long positions in 10-year futures rose by 13,118 contracts while the short positions fell by 52,879 contracts to register the overall net change of +65,997 contracts for the week.
Over the weekly reporting time-frame, from Tuesday March 24th to Tuesday March 31st, the yield on the 10-Year treasury note edged higher from 1.88 percent to 1.94 percent, according to data from the United States Treasury Department.
*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators)
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.