By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators decreased bullish bets
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators reduced their overall bullish positions last week after increasing positions for the previous three weeks, 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 the 10-year treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of +32,498 contracts in the data reported for August 4th. This was a weekly change of -33,144 net contracts from the previous week’s total of +65,642 net contracts that was recorded on July 28th.
For the week, the overall standing long positions in 10-year futures declined by -11,116 contracts and combined with a gain in the short positions by 22,028 contracts to register the overall net change of -33,144 contracts for the week.
Free Reports:
10 Year US Treasury Note Commercial Positions:
In the commercial positions for the 10-year note on the week, the commercials (hedgers or traders engaged in buying and selling for business purposes) added to their overall bullish positions to a total net position of +126,791 contracts through August 4th. This is a weekly change of +33,721 contracts from the total net position of +93,070 contracts on July 28th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday July 28th to Tuesday August 4th, the 7-10 Year Treasury Bond ETF rose from 105.85 to 106.05, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (IEF).
Last 6 Weeks of Large Trader Positions
| Date | Open Interest | Change OI | Net Commercial Positions | Weekly Com Changes | Net Large Specs Positions | Weekly Spec Changes |
| 20150630 | 2718708 | -175 | 136505 | -86998 | -3504 | 43232 |
| 20150707 | 2725079 | 6371 | 148432 | 11927 | -32738 | -29234 |
| 20150714 | 2696755 | -28324 | 145800 | -2632 | -5599 | 27139 |
| 20150721 | 2732943 | 36188 | 129440 | -16360 | 27400 | 32999 |
| 20150728 | 2798316 | 65373 | 93070 | -36370 | 65642 | 38242 |
| 20150804 | 2923638 | 125322 | 126791 | 33721 | 32498 | -33144 |
*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Article by CountingPips.com
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