10-Year Note Speculators Raised Bullish Net Positions For 3rd Week
Zachary Storella | Nov 28, 2017 12:08AM ET
10-Year Note Non-Commercial Speculator Positions:
Large speculators raised their net positions in the 10-Year Note futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday due to the Thanksgiving’s Day holiday.
The non-commercial futures contracts of 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of 111,080 contracts in the data reported through Tuesday November 21st. This was a weekly increase of 36,244 contracts from the previous week which had a total of 74,836 net contracts.
Speculative positions have increased strongly the past three weeks and the overall bullish level is above the +100,000 contract level for the first time since October 24th.
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 117,453 contracts on the week. This was a weekly loss of -16,006 contracts from the total net of 133,459 contracts reported the previous week.
iShares 7-10 Year Treasury Bond (NASDAQ:IEF) ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $106.03 which was an uptick of $0.10 from the previous close of $105.93, according to unofficial market data.
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