By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators decreased bullish positions
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators cut their overall bullish positions last week to the lowest level in six 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 +7,301 contracts in the data reported for August 18th. This was a weekly change of -40,506 net contracts from the previous week’s total of +47,807 net contracts that was recorded on August 11th.
For the week, the overall standing long positions in 10-year futures fell by -46,504 contracts and overcame a decline in the short positions by -5,998 contracts to register the overall net change of -40,506 contracts for the week.
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The net speculator position is now at the lowest level since July 14th when net positions were in negative territory at -5,599 contracts.
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 +122,577 contracts through August 18th. This is a weekly change of +11,671 contracts from the total net position of +110,906 contracts on August 11th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday August 11th to Tuesday August 18th, the 7-10 Year Treasury Bond ETF dipped from 106.69 to 106.28, 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 |
| 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 |
| 20150811 | 2977165 | 53527 | 110906 | -15885 | 47807 | 15309 |
| 20150818 | 2955775 | -21390 | 122577 | 11671 | 7301 | -40506 |
*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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