10-Year Note Non-Commercial Speculator Positions:
Large Treasury speculators continued to increase 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 -196,853 contracts in the data reported through Tuesday January 9th. This was a weekly decline of -121,013 contracts from the previous week which had a total of -75,840 net contracts.
The speculative level of the 10-Year Note futures has decreased three out of the past four weeks and has now fallen to the most bearish level since March 7th 2017 when net bearish positions totaled -298,514 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 437,758 contracts on the week. This was a weekly rise of 145,548 contracts from the total net of 292,210 contracts reported the previous week.
iShares Core MSCI EAFE (NYSE:IEFA) ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $104.6 which was a decrease of $-0.62 from the previous close of $105.22, according to unofficial market data.