10-Year Note Speculators Added To Their Bearish Net Positions This Week
Zachary Storella | Jul 22, 2018 01:13AM ET
10-Year Note Non-Commercial Speculator Positions:
Large bond speculators increased their bearish net positions in the 10-Year 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 -469,138 contracts in the data reported through Tuesday July 17th. This was a weekly reduction of -29,990 contracts from the previous week which had a total of -439,148 net contracts.
Speculative bearish positions had fallen last week following a record high bearish position on July 3rd over the -500,000 contract level. This week’s rise in bearish positions keeps the overall standing above the -400,000 contract level for a third straight week.
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 647,675 contracts on the week. This was a weekly rise of 33,134 contracts from the total net of 614,541 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 $102.38 which was a gain of $0.11 from the previous close of $102.27, according to unofficial market data.
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