10-Year Note Non-Commercial Speculator Positions:
Large bond speculators pushed their record high bearish net positions higher 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 -590,128 contracts in the data reported through Tuesday July 31st. This was a weekly bearish gain of -80,630 contracts from the previous week which had a total of -509,498 net contracts.
The speculative position has now made a new bearish record high for a second week in a row. Overall, the10-year bearish bets have increased for three straight weeks (3 week change of -150,980 contracts).
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 783,016 contracts on the week. This was a weekly rise of 84,512 contracts from the total net of 698,504 contracts reported the previous week.
iShares 7-10 Year Treasury Bond (NASDAQ:IEF):
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $101.58 which was a drop of $-0.01 from the previous close of $101.59, according to unofficial market data.