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Speculators raised net bearish positions on Treasuries ahead of FOMC

FXStreet (Mumbai) - The data released by the Commodity Futures Trading Commission (CFTC) showed speculators increased their net bearish positions on the 10-year treasury note futures ahead of the FOMC rate decision.

The non-commercial futures contracts of the 10-year treasury notes, primarily traded by large speculators and hedge funds, witnessed a weekly change of -15,552 net contracts to total a net position of -39,478 contracts in the data reported for September 15th. Long positions in 10-year futures fell by 27,691 contracts while the short positions declined by 12,139 contracts.

The commercials, hedgers or traders engaged in buying and selling for business purposes, increased their overall bullish positions to a total net position of +138,331 contracts through September 15th.

The yield on the 10-year treasury note in the US currently trades 2.6 basis points higher at 2.16%.

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