10-Year Note Speculators Bullish Net Positions Rebounded This Week
Zachary Storella | Dec 17, 2017 02:31AM ET
10-Year Note Non-Commercial Speculator Positions:
Large Treasury speculators increased their bullish net positions in the US 10-year Note futures markets this week following a sharp decline 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of 44,741 contracts in the data reported through Tuesday December 12th. This was a weekly boost of 30,396 contracts from the previous week which had a total of 14,345 net contracts.
Speculative positions had dropped by -109,591 bets on December 5th before this week’s rebound. The overall net position level remains under the +50,000 contract level for a second week as the speculator sentiment for the 10-year note futures has cooled off over the past 3 months.
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 160,931 contracts on the week. This was a weekly shortfall of -37,044 contracts from the total net of 197,975 contracts reported the previous week.
iShares Core MSCI EAFE (NYSE:IEFA) ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (NASDAQ:IEF) closed at approximately $105.75 which was a shortfall of $-0.21 from the previous close of $105.96, according to unofficial market data.
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