10-Year Note Speculators Sharply Trimmed Bearish Bets For 2nd Week
Zachary Storella | Jun 17, 2018 05:07AM ET
US 10 Year Note Futures Non-Commercial Speculator Positions:
Large treasury 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 -335,994 contracts in the data reported through Tuesday June 12th. This was a weekly increase of 61,552 contracts from the previous week which had a total of -397,546 net contracts.
Speculative bearish bets have now fallen for two straight weeks and by a total of 135,073 net contracts. The bearish net position had reached a record high bearish on May 29th with a total of -471,067 contracts.
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 546,268 contracts on the week. This was a weekly loss of -34,182 contracts from the total net of 580,450 contracts reported the previous week.
iShares 7-10 Year Treasury Bond (NASDAQ:IEF):
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $101.55 which was a decline of $-0.28 from the previous close of $101.83, according to unofficial market data.
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