10-Year Note Non-Commercial Speculator Positions:
Large speculators lowered their net positions in the 10-Year Note futures markets this week for a second consecutive 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 210,880 contracts in the data reported through Tuesday August 1st. This was a weekly reduction of -69,804 contracts from the previous week which had a total of 280,684 net contracts.
The drop in speculative bets for the 10-Year Note futures brings the net position under the +250,000 level for the first time in eight weeks.
10-Year Note Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -45,056 contracts on the week. This was a weekly increase of 52,757 contracts from the total net of -97,813 contracts reported the previous week.
iShares 7-10 Year Treasury Bond (NYSE:IEF) ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $106.95 which was an advance of $0.65 from the previous close of $106.30, according to unofficial market data.