Bearish positions on US 10-year Treasury note rise for third week

FXStreet (Mumbai) - As per the data released by the Commodity Futures Trading Commission (CFTC), traders increased their bearish bets on US 10-year Treasury note futures sharply in the last week, taking the bearish bets to the highest level since January.

The total non-commercial futures contracts of the 10-year treasury notes declined by 29,764 to a net position of -139,474 contracts in the data reported for March 3rd. The long positions in 10-year futures fell by -6,497 contracts while the short positions surged by 23,267 contracts.

Meanwhile, during the reporting time period - February 24th to March 3 - the yield on the 10-Year treasury note increased from 1.99% to 2.12%.