10-Year Note Speculators Continued To Boost Bullish Bets This Week
Zachary Storella | Dec 03, 2017 02:43AM ET
10-Year Note Non-Commercial Speculator Positions:
Large treasury speculators raised their bullish net positions in the 10-Year Note futures markets again 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 123,936 contracts in the data reported through Tuesday November 28th. This was a weekly lift of 12,856 contracts from the previous week which had a total of 111,080 net contracts.
Speculative positions have now risen for four straight weeks following the huge decline (-150,873 contracts) that took place on October 31st. The overall net position is at the highest level since that week with a four week increase of +121,212 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 86,636 contracts on the week. This was a weekly loss of -30,817 contracts from the total net of 117,453 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 (IEF) closed at approximately $106.37 which was a gain of $0.34 from the previous close of $106.03, according to unofficial market data.
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