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Speculators increased net bearish positions in 10-yr treasuries

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The data released by the Commodity Futures Trading Commission showed the speculators increased their overall bearish positions last week to the highest level since May.

    The non-commercial futures contracts of the 10-yr treasury note futures, traded by large speculators and hedge funds, witnessed a weekly change of -128,601 contracts to total a net position of -164,264 contracts for the week ended Nov 3rd. The weekly bullish positions fell by -41,345 contracts and the weekly bearish positions rose by 87,256 contracts.

    The commercials, hedgers or traders engaged in buying and selling for business purposes, sharply boosted their overall bullish positions to a total net position of +245,920 contracts.

    The rise in the bearish positions is hardly surprising since the Fed surprises the finance world with its hawkish stance in the Oct Fed statement. Moreover, the bearish positions could increase even further in subsequent weeks as the stellar NFP pushed up the Fed rate hike bets.
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