Futures muted, Trump on copper tariffs, Fed minutes ahead - what’s moving markets
10 Year Note Non-Commercial Speculator Positions:
Large bond speculators lifted their 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 153,597 contracts in the data reported through Tuesday October 24th. This was a weekly boost of 47,306 contracts from the previous week which had a total of 106,291 net contracts.
Speculative positions rebounded after four down weeks that had seen net positions drop by a total of -163,829 contracts over that time-frame. Net positions remain under the +200,000 contract level for a third consecutive 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 85,298 contracts on the week. This was a weekly decline of -19,248 contracts from the total net of 104,546 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 $105.82 which was a shortfall of $-0.82 from the previous close of $106.64, according to unofficial market data.
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