10-Year Treasury Note Non-Commercial Positions:
Large speculators slightly added to their bearish net positions in the 10-year treasury note futures markets last week for the first time in six 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 -64,529 contracts in the data reported through April 11th. This was a weekly increase of short positions by -8,763 contracts from the previous week which had a total of -55,766 net contracts.
Last week’s increase in bearish positions follows five consecutive weeks of declining bearish bets after speculators pushed negative bets to a record high short position on February 28th.
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 252,058 contracts last week. This is a weekly gain of 9,218 contracts from the total net of 242,840 contracts reported the previous week.
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 $106.29 which was a rise of $0.49 from the previous close of $105.80, according to ETF market data.