10-Y Note Speculators Boosted Bullish Net Positions For 2nd Week
Zachary Storella | Nov 19, 2017 02:46AM ET
10-Year Note Non-Commercial Speculator Positions:
Large treasury speculators further raised their bullish 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 74,836 contracts in the data reported through Tuesday November 14th. This was a weekly increase of 24,773 contracts from the previous week which had a total of 50,063 net contracts.
Speculative positions rose for a second week following a gigantic weekly decline of -150,873 contracts on October 31st that brought positions to essentially a neutral level (+2,724 net 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 133,459 contracts on the week. This was a weekly shortfall of -62,254 contracts from the total net of 195,713 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 (NASDAQ:IEF) closed at approximately $105.93 which was a decrease of $-0.62 from the previous close of $106.55, according to unofficial market data.
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