U.S. 10-Year Treasuries: Large futures market speculators trimmed their net bearish bets in the 10-year treasury note futures for the second straight week last, 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 the 10-year treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of -38,159
contracts in the data reported for July 22nd. This was a change of +15,467 net contracts from the previous week’s total of -53,626 net contracts that was recorded on July 15th.
For the week, long positions in 10 Year futures rose by 41,892 contracts while the short positions saw a gain by 26,425 contracts to register an overall net change in of +15,467 contracts on the week. Non-commercial net positions are now at their least bearish level since June 24th when bearish positions equaled -27,292 contracts.
Over the weekly reporting time-frame, from Tuesday July 15th to Tuesday July 22nd, the yield on the 10-Year treasury note declined from 2.56 percent to 2.48 percent, according to data from the United States Treasury Department.
Disclaimer: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).