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10-Year Note Speculators Raised Bearish Positions To New Record High

Published 04/29/2018, 01:11 AM
Updated 07/09/2023, 06:31 AM
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10-Year Note COT Futures Large Trader Positions

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators sharply increased 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 -462,133 contracts in the data reported through Tuesday April 24th. This was a weekly fall of -90,444 contracts from the previous week which had a total of -371,689 net contracts.

Speculative bearish bets jumped to a new record high position above the -460,000 net contract level and surpassed the February 28th 2017 level of -409,659 contracts. The record position coincided with the 10-year yield touching over the 3 percent level for the first time since 2014.

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 666,213 contracts on the week. This was a weekly rise of 122,391 contracts from the total net of 543,822 contracts reported the previous week.

10-Year Note COT Futures Large Trader Vs IEF ETF

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 $101.35 which was a loss of $-1.24 from the previous close of $102.59, according to unofficial market data.

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