By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators increased bearish bets again
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators added to their overall bearish positions last week as positions in the 10 year note have fallen (or grown more bearish) for a fifth consecutive week, 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 -39,478 contracts in the data reported for September 15th. This was a weekly change of -15,552 net contracts from the previous week’s total of -23,926 net contracts that was recorded on September 8th.
For the week, the overall standing long positions in 10-year futures fell by -27,691 contracts while the short positions declined by -12,139 contracts to register the overall net change of -15,552 contracts for the week.
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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) increased their overall bullish positions to a total net position of +138,331 contracts through September 15th. This is a weekly change of +10,264 contracts from the total net position of +128,067 contracts on September 8th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday September 8th to Tuesday September 15th, the 7-10 Year Treasury Bond ETF slid from 106.50 to 105.84, 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 |
| 20150811 | 2977165 | 53527 | 110906 | -15885 | 47807 | 15309 |
| 20150818 | 2955775 | -21390 | 122577 | 11671 | 7301 | -40506 |
| 20150825 | 3025581 | 69806 | 90829 | -31748 | 1313 | -5988 |
| 20150901 | 2804430 | -221151 | 105187 | 14358 | -2795 | -4108 |
| 20150908 | 2776552 | -27878 | 128067 | 22880 | -23926 | -21131 |
| 20150915 | 2731653 | -44899 | 138331 | 10264 | -39478 | -15552 |
*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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