10-Year Note Speculators Added To Bearish Net Positions For 2nd Week
Zachary Storella | Mar 11, 2018 03:32AM ET
10-Year Note Non-Commercial Speculator Positions:
Large bond speculators increased their bearish bets in the US 10 Year T-Note Futures markets this 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 Note futures, traded by large speculators and hedge funds, totaled a net position of -362,150 contracts in the data reported through Tuesday March 6th. This was a weekly reduction of -19,261 contracts from the previous week which had a total of -342,889 net contracts.
Speculative bearish bets have risen for two consecutive weeks and are now at the most bearish level since February 28th of 2017 when net positions totaled -409,659 contracts.
10-Year Note Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 612,841 contracts on the week. This was a weekly drop of -18,956 contracts from the total net of 631,797 contracts reported the previous week.
IEF ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $101.93 which was a gain of $0.16 from the previous close of $101.77, according to unofficial market data.
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