10 Year Treasury Note Non-Commercial Positions:
Large speculators and traders sharply increased their bearish bets for the 10-year treasury notes in the futures markets last 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 -268,395 contracts in the data reported through December 13th. This was a weekly change of -39,791 contracts from the previous week which had a total of -228,604 net contracts.
Speculators have quickly amassed a large short position after turning from an overall long position to a short position just three weeks ago.
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 441,404 contracts last week. This is a weekly rise of 6,826 contracts from the total net of 434,578 contracts reported the previous week.
iShares 7-10 Year Treasury Bond (NYSE:IEF):
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $104.67 which was a decline of $-0.51 from the previous close of $105.18, according to market data from Yahoo Finance.