Speculators add to 10-year Treasury note bearish position

FXStreet (Mumbai) - As per the data released by the Commodity Futures Trading Commission (CFTC), speculators added to their overall bearish bets last week for the first time in five weeks.

The total non-commercial futures contracts of the 10-year treasury notes stood at -118,780 contracts in the data reported for Feb. 3rd; a change of -10,888 net contracts from the previous week’s -107,892 contracts. Overall standing long positions in 10-year futures decreased by 5,307 contracts while the short positions that saw a rise by 5,581 contracts.

Meanwhile, during the reporting time period, the yield on the 10-Year treasury note decreased from 1.83% to 1.79%.