10-year Note Speculators Reduced Bearish Bets For 1st Time In 4 Weeks
Zachary Storella | Feb 18, 2018 04:36AM ET
US 10 Year T-Note Futures Non-Commercial Speculator Positions:
Large bond speculators cut back on their bearish 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 -296,935 contracts in the data reported through Tuesday February 13th. This was a weekly increase of 30,605 contracts from the previous week which had a total of -327,540 net contracts.
Speculative positions fell for the previous three weeks before this week’s turnaround. The overall speculative position has been in bearish territory now for nine straight weeks after turning bearish on December 12th.
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 544,599 contracts on the week. This was a weekly decline of -33,578 contracts from the total net of 578,177 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 $102.36 which was a fall of $-0.25 from the previous close of $102.61, according to unofficial market data.
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