10-Year Note Speculators Cut Back On Their Net Positions This Week
Zachary Storella | Oct 01, 2017 04:47AM ET
10-Year Note Non-Commercial Speculator Positions:
Large bond speculators decreased 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 256,626 contracts in the data reported through Tuesday September 26th. This was a weekly decrease of -13,494 contracts from the previous week which had a total of 270,120 net contracts.
Speculative positions had risen the previous two weeks before this week’s decline and has remained in a bullish standing above the +250,000 contracts for three straight weeks.
10-Year Note Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -121,033 contracts on the week. This was a weekly rise of 23,718 contracts from the total net of -144,751 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 $107.22 which was a rise of $0.07 from the previous close of $107.15, according to unofficial market data.
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