10-Year Note Non-Commercial Speculator Positions:
Large bond speculators continued to cut back on 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 -544,033 contracts in the data reported through Tuesday October 23rd. This was a weekly rise of 71,937 contracts from the previous week which had a total of -615,970 net contracts.
The speculative bearish position has declined for four straight weeks after reaching a record bearish high level on September 25th. The current four week decline in bearish bets has totaled 212,283 contracts and has brought the current bearish standing under the -600,000 contract level for the first time in eight weeks.
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 635,029 contracts on the week. This was a weekly loss of -66,631 contracts from the total net of 701,660 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 $118.00 which was a rise of $0.05 from the previous close of $117.95, according to unofficial market data.