10-Year Note Non-Commercial Speculator Positions:
Large speculators sharply lowered their 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 -44,230 contracts in the data reported through Tuesday December 26th. This was a weekly lowering of -88,971 contracts from the previous week which had a total of 44,741 net contracts.
Speculative positions are now in a bearish overall standing for the first time since April 18th when net positions totaled -41,300 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 242,045 contracts on the week. This was a weekly uptick of 81,114 contracts from the total net of 160,931 contracts reported the previous week.
iShares Core MSCI EAFE (NYSE:IEFA) ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $105.24 which was a decline of $-0.35 from the previous close of $105.59, according to unofficial market data.
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