10-Year Note Non-Commercial Speculator Positions:
Large bond speculators decreased their bearish net positions in the 10-Year Note futures markets again 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 -615,970 contracts in the data reported through Tuesday October 16th. This was a weekly rise of 6,452 contracts from the previous week which had a total of -622,422 net contracts.
The bearish position has now fallen for three straight weeks after surging to a record high bearish position on September 25th with a total of -756,316 contracts. The current standing is now below the -625,000 contract level for a second straight week.
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 701,660 contracts on the week. This was a weekly decrease of -25,691 contracts from the total net of 727,351 contracts reported the previous week.
10-Year Note Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 10-Year Note Futures (Front Month) closed at approximately $117.95 which was an advance of $0.14 from the previous close of $117.81, according to unofficial market data.