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Speculators continue to drop their bearish bets on US 10-year treasury note

Large speculators continued to cut back their bearish positions in the US 10-year treasury note futures for the week ended November 27,  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 10-Year Note futures fell by 83,042 net contracts to a net position of -284,223 contracts.

Notably, bearish positions have been falling steadily in the past weeks, having reached an all-time record high of -756,316 contracts on Sept. 25.