10-Year Note Non-Commercial Speculator Positions:
Large bond speculators slightly added to 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 -166,293 contracts in the data reported through Tuesday, March 26th. This was a weekly change of -2,319 net contracts from the previous week which had a total of -163,974 net contracts.
The week’s net position was the result of the gross bullish position (longs) falling by -4,812 contracts to a weekly total of 699,752 contracts compared to the gross bearish position (shorts) which saw a decline by -2,493 contracts for the week to a total of 866,045 contracts.
The net speculative position had seen declining bearish bets in the previous three weeks by a total of +70,021 contracts before this week’s slight turnaround.
The current standing remains under the -200,000 net contract level for a third straight week and is now (at -166,293 contracts) less than half of the bearish standing of December 18th (-380,779 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 112,102 contracts on the week. This was a weekly boost of 11,075 contracts from the total net of 101,027 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 $124.40 which was an increase of $1.64 from the previous close of $122.76, according to unofficial market data.