10 Year Treasury Note Non-Commercial Positions:
Large speculators and traders increased their bearish net positions in the 10-year treasury note futures markets last week for the second time in three weeks, 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 -341,524 contracts in the data reported through February 14th. This was a weekly change of -36,947 contracts from the previous week which had a total of -304,577 net contracts.
Speculators continue to be strongly bearish on 10-year note futures with net positions above the -300,000 level for the third straight week. Spec positions had reached an all-time high in bearish bets on January 10th with a net position of -394,689 contracts.
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 562,700 contracts last week. This is a weekly increase of 38,578 contracts from the total net of 524,122 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 $104.69 which slid by $-0.81 from the previous close of $105.50, according to ETF market data.