10-Year Note Non-Commercial Speculator Positions:
Large bond speculators increased their bearish 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 -117,877 contracts in the data reported through Tuesday January 23rd. This was a weekly decline of -28,618 contracts from the previous week which had a total of -89,259 net contracts.
The speculative level for 10-Year Note futures fell back over the below the -100,000 contract level this week for the second time in three weeks. The net position has been in bearish territory for six consecutive weeks since turning over from bullish to bearish on December 19th.
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 397,481 contracts on the week. This was a weekly boost of 73,565 contracts from the total net of 323,916 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 $104.05 which was a fall of $-0.57 from the previous close of $104.62, according to unofficial market data.