10-Year Note Non-Commercial Speculator Positions:
Large bond speculators decreased their bearish net positions in the US 10 Year T-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 -380,779 contracts in the data reported through Tuesday December 18th. This was a weekly change of 13,023 net contracts from the previous week which had a total of -393,802 net contracts.
This week’s net position was the result of the gross bullish position rising by 23,223 contracts to a weekly total of 627,172 contracts that overtook the gross bearish position which saw an advance by 10,200 contracts for the week to a total of 1,007,951 contracts.
The speculative net bearish position retreated this week after two weeks of gaining bearish bets that pushed the bearish level to a five-week high. The current standing now remains under the -400,000 net contract level for a sixth straight week.
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 397,340 contracts on the week. This was a weekly loss of -16,840 contracts from the total net of 414,180 contracts reported the previous week.
10-Year Note Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 10-Year Note Futures (Front Month) closed at approximately $120.85 which was an advance of $0.43 from the previous close of $120.42, according to unofficial market data.