10-Year Note Speculators Slightly Trimmed Bearish Net Positions This Week
Zachary Storella | Apr 01, 2018 01:57AM 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 -305,212 contracts in the data reported through Tuesday March 27th. This was a weekly boost of 8,092 contracts from the previous week which had a total of -313,304 net contracts.
Speculative bearish positions declined this week after a boost of bearish bets last week. The overall net bearish level is over the -300,000 contract level for a second straight week and has been above this very bearish reading for four out of the past five weeks.
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 535,439 contracts on the week. This was a weekly fall of -15,680 contracts from the total net of 551,119 contracts reported the previous week.
iShares 7-10 Year Treasury Bond ETF (MX:IEF):
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $103.0 which was an uptick of $0.93 from the previous close of $102.07, according to unofficial market data.
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