10-Year Note Non-Commercial Speculator Positions:
Large bond speculators once again 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 -323,791 contracts in the data reported through Tuesday, April 23rd. This was a weekly change of -48,141 net contracts from the previous week which had a total of -275,650 net contracts.
The week’s net position was the result of the gross bullish position (longs) decreasing by -35,045 contracts to a weekly total of 585,339 contracts and combined with the gross bearish position (shorts) which increased by 13,096 contracts for the week to a total of 909,130 contracts.
The speculative net position fell for a fifth straight week this week and has dropped by a total of -159,817 contracts over that period. The current standing for the 10-year speculator bets is now at the most bearish level since December 18th when the positions totaled -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 311,601 contracts on the week. This was a weekly uptick of 47,894 contracts from the total net of 263,707 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 $123.12 which was a gain of $0.30 from the previous close of $122.82, according to unofficial market data.