10-Year Note Non-Commercial Speculator Positions:
Large bond speculators decreased 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 -502,839 contracts in the data reported through Tuesday October 30th. This was a weekly lift of 41,194 contracts from the previous week which had a total of -544,033 net contracts.
The speculative bearish position has now declined for five straight weeks and by a total of 253,477 contracts over that period after recording an all-time high level of bearish bets (-756,316 contracts) on September 25th. The current standing is now at the lowest bearish level since July 17th when the net position totaled -469,138 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 584,835 contracts on the week. This was a weekly fall of -50,194 contracts from the total net of 635,029 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 $118.54 which was a boost of $0.54 from the previous close of $118.00, according to unofficial market data.