10-Year Note Non-Commercial Speculator Positions:
Large bond speculators 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 -163,610 contracts in the data reported through Tuesday, October 1st. This was a weekly change of 32,696 net contracts from the previous week which had a total of -196,306 net contracts.
The week’s net position was the result of the gross bullish position (longs) growing by 16,543 contracts (to a weekly total of 641,005 contracts) that combined with the gross bearish position (shorts) that decreased by -16,153 contracts for the week (to a total of 804,615 contracts).
The 10-year net speculators continued to decrease their bearish bets for a fourth straight week and the bearish position has now fallen by a total of 214,257 contracts over that period. This recent decline in bearish bets brings the current standing to the lowest bearish level since February 5th, a span of thirty-four 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 91,721 contracts on the week. This was a weekly pullback of -36,147 contracts from the total net of 127,868 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 $130.78 which was a fall of $-0.09 from the previous close of $130.87, according to unofficial market data.