10 Year Treasury Note Non-Commercial Positions:
Large speculators sharply increased their net positions in the 10-year treasury note futures markets last week for a third consecutive 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 treasury note futures, traded by large speculators and hedge funds, totaled a net position of 362,501 contracts in the data reported through May 23rd. This was a weekly jump of 122,491 contracts from the previous week which had a total of 240,010 net contracts.
The bullish speculative positions have now rise by +182,631 contracts in just the past three weeks and brought the net position standing to its highest point since 2007.
10 Year Treasury Note Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -185,491 contracts last week. This is a weekly drop of -144,243 contracts from the total net of -41,248 contracts reported the previous week.
iShares 7-10 Year Treasury Bond (NYSE:IEF) 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $106.65 which was an increase of $0.39 from the previous close of $106.26, according to ETF market data.