10-Year Note Speculators Reduced Bullish Net Positions For 3rd Out Of 4
Zachary Storella | Aug 20, 2017 04:57AM ET
10-Year Note Non-Commercial Speculator Positions:
Large bond speculators cut back on 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 200,592 contracts in the data reported through Tuesday August 15th. This was a weekly decline of -29,244 contracts from the previous week which had a total of 229,836 net contracts.
The 10-Year Note speculative positions have now fallen for three out of the last four weeks and declined to the lowest net bullish position since May 2nd.
10-Year Note Commercial Positions:
Meanwhile, 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 -49,945 contracts on the week. This was a weekly decrease of -3,241 contracts from the total net of -46,704 contracts reported the previous week.
IEF ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $106.97 which was a gain of $0.07 from the previous close of $106.9, according to unofficial market data.
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